Euro Stays Lower on Crisis Concern Before French Payrolls
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The euro maintained a loss versus the dollar from yesterday amid concern the sovereign debt crisis is constraining growth in the region.
The shared currency remained weaker against the yen before reports this week forecast to show French payrolls declined and European industrial production contracted. Greek politicians will meet for a second time tomorrow amid an impasse on spending cuts required to receive the next tranche of bailout funds. Demand for the dollar was limited before the policy setting Federal Open Market Committee starts its two-day meeting tomorrow.