Euro recovery from yesterday's lows at 1.3330 has been capped at 1.3455 earlier on European session, to extend retreat below 1.3400 after a senior German official showed his doubts about the possibility of two different rescue funds running together in the EU.
According to a report by Reuters, a senior German official affirmed that he can't foresee two different bailout funds, the EFSF and the ESM running together, which has hammered confidence about the EU meeting, which is expected to take place on Thursday and Friday.
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