The euro regained some lost ground against the dollar Friday after sliding for days on worries about Greece's debt problems. The 16-nation euro bought $1.4144 in European morning trade, up from $1.4103 late Thursday in New York. The British pound rose to $1.6267 from $1.6209 late Thursday in New York, while the dollar was unchanged at 90.38 Japanese yen. Europe is gripped by concerns over debt levels for some of the weaker members in the eurozone, particularly Greece and Ireland, fueling speculation that they will face tough fiscal measures, such as spending cutbacks and higher taxes, that would limit growth in coming years. Officials, however, have said Greece should be able to deal with its debt crisis and that they are not worried about a default, although bond markets suggest the risk of a default has increased. "The single currency appears to be finding a measure of support around the $1.4025 to $1.4030 level for now, as the U.S. dollar continues to gain traction," analyst Michael Hewson at CMC Markets said. "A break below $1.4000 to $1.4010 on the 29th of July lows would be the first trigger of a potential move to the long term target at $1.3800."

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