The euro fell  on speculation European Union leaders meeting for a two-day summit in Brussels will fail to agree on a strategy to solve the region’s debt crisis.

The common currency slid for a fourth day versus the dollar as Italy paid the most to sell 10-year bonds since December and a research institute predicted the German economy will weaken this year.

The dollar gained as U.S. jobless claims decreased by 6,000 to 386,000 in the week ended June 23, in line with the median forecast of economists.