According to a newspaper, Belgium and France held talks in regards to the bailout plan for Dexia Bank over the distribution of the costs between both nations, raising fears in the market as France could bear more now, which threatens the French triple-A top rating.

Belgian newspaper De Standaard said, citing no sources, that Belgium's finance minister Didier Reynders denied the dismantlement of the agreement on supporting the Bank with a rescue plan.

The euro reached a low of $1.3439 on fears that France playing a larger role in the bailout could cost the nation its top credit rating, noting that the EUR/USD pair opened the session at $1.3503, and is trading in the moment at $1.3452.