You're reading: Europe’s debt troubles weigh on euro

NEW YORK (AP) — The euro slipped toward $1.40 on worries about Europe's debt problems and the dollar moved higher against most other major currencies.

Greece is still struggling a year after receiving a €110 billion ($155 billion) emergency loan package.

European Union officials want more economic reforms and government spending cuts before approving additional aid.

The government’s moves have angered Greek citizens.

Investors are also wary that country will default on its debt despite help from neighbors, intensifying problems for other indebted European countries.

In morning trading in New York on Wednesday, the euro dropped to $1.4051 from $1.4113.

The dollar rose to 82.01 Japanese yen from 81.90 yen, and is mostly higher against other major currencies.

But the British pound is up to $1.6232 from $1.6148 after the U.K. government said strong exports supported the economy’s growth.