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The euro weakened for a second day against the dollar as Spain was poised to become the fourth of the 17 euro countries to require emergency assistance.
The 17-nation euro fell for the first time in six days versus the yen as the currency bloc’s finance chiefs plan weekend talks on a potential Spanish aid request to shore up the nation’s lenders.
German exports, adjusted for work days and seasonal changes, slid 1.7 percent in April from a month earlier, when they gained 0.8 percent, the Federal Statistics Office in Wiesbaden said. Economists forecast a drop of 0.7 percent.
Italian output declined 1.9 percent from March, when it rose a revised 0.6 percent, the national statistics office said in Rome. Production slid 9.2 percent from a year ago on a workday-adjusted basis.
The pound dropped, snapping a two-day advance against the dollar, as report showed U.K. factory-output prices unexpectedly fell in May. The price of goods at factory gates slipped 0.2 percent from April, the first decline since December, the Office for National depreciated 0.6 percent to $1.5439.
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