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Euro Weakens on Delayed Agreement on Greek Loan, Growth Concern

The euro fell against the dollar for the first time in three days after European governments failed to agree on releasing a loan payment to spare Greece from default on its debts.

Europe’s shared currency declined for a fourth day versus the yen, its longest losing streak in six weeks, before the Greek parliament resumes debating a motion of confidence in Prime Minister George Papandreou’s government. The dollar and the Swiss franc rose versus most major peers while the Australian and New Zealand dollars and Norwegian krone dropped, as falling stock markets damped demand for the higher-yielding assets.