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Euro Declines as ECB Majority Supports Rate Cut

The euro declined against most of its 16 major peers after a majority of European Central Bank members indicated support for an interest-rate cut if the economy doesn’t pick up.

The shared currency fell to the lowest in more than a week against the dollar after the Bundesbank lowered its 2013 forecast for economic expansion in Germany, following the ECB’s euro-area downgrade. The yen briefly extended gains after a magnitude 7.3 earthquake hit Tokyo, fueling haven demand for the Japanese currency. The Dollar Index rose for a third day before a report economists said would show U.S. companies hired fewer workers in November.