Euro Falls on Growth Outlook, Spanish Aid Uncertainty
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The euro fell for the first time in three days versus the dollar as concern growth in the region is faltering overshadowed prospects that leaders meeting this week will agree on new measures to solve the debt crisis.
The 17-nation currency dropped against 10 of its 16 major counterparts as investors waited for a decision on whether Spain will seek a bailout and before a report forecast to show investor confidence declined in Germany, the region’s biggest economy. New Zealand’s dollar weakened after a report showed services shrank in September.