The euro fell versus a majority of its most-traded counterparts before data forecast to show growth in the region slowed in the second quarter, adding to concern nations will struggle to curb budget deficits. The euro retreated from a three-week high versus the dollar before Germany is forecast to say its economy expanded at a third of the pace of the previous quarter. The Swiss franc rose against all of its major peers as investors flocked to the safest assets. Australia’s dollar slid after minutes of the Reserve Bank’s last meeting showed policy makers kept interest rates unchanged on concern global economic growth may slow. “When you’ve got low growth, debt becomes a real issue,” said Grant Turley, a senior currency strategist at Australia & New Zealand Banking Group Ltd. in Sydney. “There’s probably more uncertainty about Europe, and that will limit rallies in the euro.” The euro fell to $1.4416 as of 6:45 a.m. in London from $1.4445 in New York yesterday, when it touched $1.4477, the most since July 27. The 17-nation currency slipped to 110.81 yen from 110.97 yen. Against the franc, it fell 0.5 percent to 1.1274. The dollar bought 76.86 yen from 76.83. Australia’s currency fell to $1.0475 from $1.0507. Gross domestic product in the euro area rose 0.3 percent from the first quarter, when it increased 0.8 percent, a Bloomberg News survey of economists showed. German GDP rose 0.5 percent after growing 1.5 percent in the January-to-March period, according to a separate survey of economists ahead of today’s report. To contact the reporters on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net; Monami Yui in Tokyo at myui1@bloomberg.net To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net

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