The euro stayed lower against the dollar and the yen after Italian borrowing costs rose at an auction.

The 17-nation shared currency weakened 0.3 percent to $1.2434 as of 10:17 a.m. London time. It declined 0.7 percent to 98.66 yen.

Italy sold 5.4 billion euros of debt due in 2017 and 2022. The average yield on the ten-year bond was 6.19 percent, compared to 6.03 percent at an auction on May 30.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net