The euro weakened against the dollar and the yen as the German Bundesbank said Europe’s largest economy will probably lose some growth momentum. Europe’s common currency weakened by 0.3 percent to $1.4268 as of 11:16 a.m. in London, after earlier appreciating by as much as 0.3 percent. It was 0.4 percent weaker at 116.35 against the yen, after being as high as 117.17. “Growth is likely to ease somewhat in the foreseeable future,” the Frankfurt-based Bundesbank said in its monthly bulletin published today. The economy’s 1.5 percent growth rate in the first quarter ‘‘considerably overstates the underlying economic momentum. Output growth was clearly lifted during the reporting period by backloading and catching-up effects.’’ To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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