The euro touched its lowest level in two years before regionalfinance ministers gather in Brussels today to discusscrisis-fighting measures adopted by heads of government at a summitlast month.

The 17-nation currency held three days of declines beforeEuropean Central Bank President Mario Draghi addresses EuropeanUnion lawmakers today. The Japanese currency reached a one-monthhigh versus the euro after Japan released May trade data and asstock declines boosted demand for haven assets. Australia's dollardropped after Chinese Premier Wen Jiabao said downward pressure onthe economy is still “relatively large,” in remarks reportedyesterday.

“The euro group has to provide a lot of nuts and bolts to whathad been decided at the EU summit,” said Ulrich Leuchtmann, head ofcurrency strategy at Commerzbank AG in Frankfurt. “If they decidesomething meaningful those who like it might buy euro-dollar upcautiously, but they will be disappointed as they had been lastweek by those who are more skeptical” pushing the currencylower.

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