Euro notes are spread out at a bank branch in Madrid
The Euro and commodity currencies eased in line with the US sharemarket but lifted late in the session when shares recovered. The Euro eased from highs near US$1.3675 to US$1.3550 before ending the US session near US$1.3580. The Aussie dollar also eased from highs around US98.75c to near US97.00c, before ending US trade near US97.75c. And the Japanese yen eased from 76.40 yen per US dollar to almost JPY77.00 and ended US trade near JPY76.80. REUTERS

No agreement has yet been reached on scaling up the size of the Eurozone's bailout fund to better tackle the debt crisis, two senior European Union officials said Wednesday.

Dismissing a report in Britain's Guardian newspaper that a deal had been reached by France and Germany to scale up the European Financial Stability Facility fivefold to more than 2 trillion euros, one of the sources said: It's wrong. There is no deal.

A second source said it was not a simple case of multiplying the 440 billion euro capacity of the EFSF to reach a much higher figure.

It's naive to think you can make those calculations and come up with a nice round 2 trillion figure. It's not nearly as simple as that, he said.

Euro zone leaders meet in Brussels on Sunday to discuss the situation in Greece and are expected to agree on some form of leverage to the EFSF, probably involving using it to guarantee first losses on new euro zone debt issuance.

EU officials have told Reuters any deal is likely to scale up the fund by around 3-5 times, but it would not be the entire amount and would probably increase its firepower at most to around 1.5 trillion euros.

(Writing by Luke Baker)

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