Nov. 6 (Bloomberg) -- The euro pared losses against the dollar and the yen.

Europe's common currency was at $1.2865 as of 2:40 p.m. in London, from $1.2954 yesterday. It was at 126.48 yen, from 126.89.

To contact the reporter on this story: Lukanyo Mnyanda in London at lmnyanda@bloomberg.net

Last Updated: November 6, 2008 09:42 EST