Euro Declines as European Leaders Withhold Aid Before Greek Vote
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The euro weakened against the dollar, falling toward a three-week low, as European leaders said Greece’s referendum on a bailout deal will determine whether it will stay in the 17-nation currency union.
The euro dropped for a third day versus the yen after French President Nicolas Sarkozy said Greece won’t receive a “single cent” in aid without holding to the terms of a rescue agreement hammered out last week. The dollar and yen strengthened against most major counterparts as stocks declined, boosting demand for safer assets. New Zealand’s dollar fell after the nation’s unemployment rate increased.