The euro declined, snapping a three-day advance, amid renewed concerns about the regionâ€™s debt woes before Greeceâ€™s Prime Minister Antonis Samaras meets officials from the nationâ€™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