Euro Gains After Deepest Drop in 3 Months as Greece Deal Elusive
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The euro rallied after its biggest drop in three months as European leaders sought to break the deadlock over Greek debt.
The common currency strengthened against most of its major peers after falling versus all of them on Tuesday. Euro-area finance ministers adjourned a meeting on Greece, and will resume discussions Thursday, as a breakthrough on the terms attached to aid remained elusive. German bonds rallied on haven demand as Wolfgang Schaeuble, the nation’s finance minister, said progress was insufficient to reach a deal Wednesday.