Euro Falls Against Most Majors 
The euro declined against its most major counterparts in the early Asian session on Wednesday on worries over Eurozone debt crisis.
The talks held by the Eurozone finance ministers failed to reach a consensus regarding second bailout for Greece.
The euro declined to a 2-week low against the loonie and the aussie.
The euro is now trading at 1.2177 against the franc and 1.4418 against the greenback, compared to Tuesday's close of 1.2209 and 1.4441, respectively. The next downside target level for the euro is seen at 1.21 against the franc and 1.42 against the greenback.
Against the pound and the yen, the euro is worth 0.8811 and 115.94, respectively. If the euro falls further, it may target 0.875 against the pound and 113.00 against the yen. The euro closed Tuesday's trading at 0.8824 against the pound and 116.23 versus the yen.
The euro fell to a 2-week low of 1.3969 against the loonie and 1.3502 against the aussie in the Asian session. The European single currency is now quoted at 1.3507 against the aussie and 1.3979 versus the loonie and the next downside target level for the euro is seen at 1.34 against the aussie and 1.38 versus the loonie. At Tuesday's close, the euro-loonie pair was worth 1.3985 and euro-aussie pair was worth 1.3518.
Consumer sentiment in Australia declined in May, according to index readings reported today by Westpac Bank and the Melbourne Institute.
The consumer sentiment index declined 2.6 percent in June compared to May. The reading of 101.2 was the lowest in two years. The index was at a seasonally adjusted 103.9 for May.
Meanwhile, a report from the Australian Bureau of Statistics said that the total number of housing starts in Australia was up a seasonally adjusted 3.1 percent in the first quarter of 2011 compared to the previous three months. That was well above analyst expectations for a decline of 0.8 percent following the upwardly revised fall of 4.0 percent in the fourth quarter of 2010.
In the European session, French CPI, Switzerland's producer and import prices data and the U.K. claimant count rate - all for May and the Eurozone industrial production for April are due for release.
Canada's manufacturing shipments for April is due at 8:30 am ET.
The U.S. CPI for May, results of the New York Federal Reserve's empire state manufacturing survey for June, Treasury Department's report on the flows of financial instruments into and out of the U.S. for April, industrial production for May and the NAHB housing market index for June are expected to influence trading in the North American session.
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