EU is dissappointing, While Assuie Heads Towards a Ten Year High

From Charlotte Cooper at Reuters: Euro heavy as Eu disappoints, Aussie near 10-year high

The euro softened across the board on Friday, weighed by disappointment among investors over lack of detail from European Union on helping debt-laden Greece.

The Aussie, also supported by a rival in expectations for higher rates, hovered near a decade-high against the euro.

"The EU have no experience of this type of thing. They are not the IMF and they will be very careful not plunge into this with both feet and not think things through."

The euro was quoted at about A$1.5375, just above the previous day's low around A$1.5330, its weakest level against the Aussie since 2000, according Reuters data.

It fell 0.3 percent to 122.55 yen.