The euro hovered near four-month highs against the dollar on Monday as investors held on to hopes that European leaders would break a deadlock and hammer out an economic rescue deal as their marathon summit reached a record length. The euro changed hands at $1.1439 (EUR=), just below a four-month high of $1.1452 touched on Wednesday. EU leaders were at an impasse over a proposed 750 billion euro ($858.30 billion) recovery fund, which is supposed to be raised on behalf of them all on capital markets by the EU's executive European Commission. A source said 350 billion euros on grants was the maximum acceptable for the camp of thrifty northerners, compared to 400 billion seen as the bare minimum by many others, including Germany and France. The dollar is broadly weak as investors maintained strong risk appetite, betting on more stimulus not just from Europe but also the United States. A battle in the U.S. Congress over a new coronavirus-aid bill began late last week as Republicans and Democrats pushed for their own agenda. Expectations of more government spending have offset worries about rising coronavirus cases in the United States as well as fears over deteriorating U.S.-China relations.