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Euro slips further as concerns over debt loads continue

The euro and the pound remained under pressure yesterday, edging lower against the dollar as concerns over government debt in Europe continued into a new week, but share prices on most European markets stabilised after last week’s losses.

The 16-nation currency bought $1.3629, slightly below the $1.3634 it fetched in New York late on Friday. However, it did not repeat Friday’s temporary slide below $1.36.