The euro is edging lower against the dollar in European trading as markets remained focused on Greece but looked to a speech by President Barack Obama on U.S. plans for financial industry regulation.

In late morning European trading on Thursday the 16?nation euro bought $1.3357, down slightly from $1.3389 the night before in New York trading.

Concerns persist in the European Union about how best to contain big budget deficits and stave of defaults by Greece and other countries, including Portugal.

New EU figures showed Greece?s budget deficit for 2009 was bigger than originally thought, standing at 13.6 percent instead of the previous estimate of 12.9 percent

In other trading, the British pound rose to $1.5403 from $1.5398, while the dollar slipped to 93.08 Japanese yen from 93.11 yen.

Keywords: Greece focus

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