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Euro drops to 2-week low with EU summit ahead
The euro fell to it lowest a gainst the dollar in more than two weeks o n Tuesday as Spanish bond yields rose and hopes faded that a European summit would make progress in resolving the region's debt crisis. But further losses could be limited ahead of the meeting, which takes place o n Thursday and Friday, as expectations for it were already low, analysts say. An unexpected positive outcome could spur a sho rt squeeze in the euro by some spe culators, alth ough traders are likely to sell into any bounce. The prospect of a quick move toward a banking union or issuance of common e uro-zone b onds looked increasingly ... (full story)