Euro cuts gains vs dlr on EU source comments
LONDON, April 2 (Reuters) - The euro wiped earlier gains against the dollar on Wednesday after EU sources said euro zone finance ministers and the European Central Bank will voice concern at the next G7 meeting over the euro's recent sharp gains.
The single currency's gains were eroded further after a U.S. private sector employment report showed employers unexpectedly added 8,000 jobs in March.
By 1223 GMT, the euro had fallen more than 40 ticks to trade flat on the day at $1.5612 EUR=.
"The euro was a little under pressure after the initial statement...and the dollar got a further spike after the ADP data pushing the euro lower," said Naeem Wahid, currency strategist at Bank of Scotland Treasury Services.
(Reporting by Simon Falush and Veronica Brown)
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