Euro Decline on Greek Debt Concerns; S&P 500 Futures Drop Businessweek

EU leaders will meet in Brussels today to discuss budget rules, a financial firewall to protect indebted states and a ban on imports of Iranian oil. “There is some nervousness around the negotiations that are happening between Greece and its private-sector creditors with mixed reports,” said Besa Deda, chief economist at St. George Bank Ltd. in Sydney. “There’s a bit of fresh uncertainty around that, and that’s encouraging profit-taking on the euro.” Aussie Dollar Australia’s dollar weakened as much as 0.3 percent to $1.0475 before paring declines to 0.1 percent. A government report showed the nation’s producer-price inflation is slowing, providing scope for the central bank to cut interest rates for a third time.