Thursday, 24 May 2012 11:20
The euro has hit near two-year lows, with analysts saying it may fall even further.
In mid-afternoon trade on Thursday, the European single currency was at $1.2577, coming off an early low of $1.2516, levels seen in July 2010 and down from $1.2582 in New York late on Wednesday.

A European Union summit has ended with a warning to Greece that it will have to stick to its bailout terms if it wants to stay in the eurozone, but failed to resolve Franco-German differences over the issue of eurobonds.
The eurozone financial crisis could threaten the global economy, according to Organisation for Economic Development and Co-operation.
