Euro Falls as Italy’s Monti Warns of Crisis Divisions
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The euro weakened against the yen and the dollar after Italy’s Prime Minister Mario Monti said divisions within the 17-nation currency bloc are threatening the European Union’s future.
Europe’s currency fell from its strongest level in more than three weeks against the yen after a report showed investor confidence in the region dropped for a fifth month in August as the it grapples with the almost three-year-old financial turmoil. Sweden’s krona declined against all 16 major peers after data showed service production slid in June.