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The euro weakened for a third day against the dollar, the longest losing streak in almost a month, after data showed European manufacturing shrank and unemployment rose in Germany, adding to concern the debt crisis will worsen.

The 17-nation currency dropped to a two-week low versus the yen on speculation European Central Bank President Mario Draghi will signal tomorrow policy makers are moving closer to cutting interest rates to spur growth. The dollar erased gains against the yen after private data showed U.S. companies added fewer workers than forecast in April, boosting bets the Federal Reserve may keep accommodative monetary policy in place longer.

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