Euro Weakens Before Samaras Meets Greece’s Creditors

The euro declined, snapping a three-day advance, amid renewed concerns about the region’s debt woes before Greece’s Prime Minister Antonis Samaras meets officials from the nation’s creditors.

The common currency slid against most of its 16 major peers after Samaras failed to secure agreement from his coalition partners on 11.5 billion euros ($14.7 billion) of spending cuts required by lenders to his country. The Dollar Index (DXY) was 0.2 percent from a four-month low after a report last week showed U.S. jobs growth slowed, boosting speculation the Federal Reserve will undertake a third round of bond buying.

The euro lost 0.2 percent to $1.2794 as of 9:30 a.m. in Tokyo after rising 2 percent over the past three days. It fell 0.2 percent to 100.04 yen. The dollar was little changed at 78.19 yen following a 0.8 percent decline to 78.24 on Sept. 7.

via Bloomberg

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