The euro and U.S. stock futures hit session lows on Friday after European Union diplomats gave an update on the status of summit talks aimed at resolving the euro zone's debt crisis.

The Australian dollar, a bellwether of investor appetite for risk, also sank to sessions lows, with the market focused on EU diplomats' comments that EU leaders had not agreed on granting a banking licence to a new permanent bailout fund.

The euro hit a session low of $1.3319 (8528 pence).

(Reporting by Ian Chua; Editing by Mark Bendeich)