The euro snapped a two-day decline against the dollar as gains in European stocks boosted sentiment toward the currency while Greece said talks aimed at staving off a default were “productive.” The 17-nation currency erased declines against the yen as Greece resumed talks with creditors as well as discussions with European Union and International Monetary Fund officials that the Finance Ministry said were “productive.” The dollar declined versus most of its major peers before the Federal Reserve’s policy meeting today. “There is a sense that there have been some positive aspects to the talks which has helped the euro,” said Michael Derks, the chief strategist at foreign-exchange broker FxPro in London. “More positive sentiment in the stock market does help somewhat.” The euro was little changed at 104.82 yen as of 11:32 a.m. in London after reaching 103.99 yen, within 0.09 yen of the least since 2001. The shared currency was 0.1 percent stronger at $1.3699. The dollar bought 76.52 yen from 76.58 yesterday. To contact the reporter on this story: Garth Theunissen in London at gtheunissen@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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