Euro erases losses vs dollar as Dow turns positive

NEW YORK, July 6 (Reuters) - The euro erased earlier losses against the dollar on Monday as the Dow industrials turned positive and investors took profits on its earlier slide.

The euro was last trading at $1.3962 EUR=, unchanged from late Friday and above a global session low of $1.3878.

The euro was still lower against the yen and the dollar held gains against sterling GBP=D4 and high-yield currencies such as the Australian dollar AUD=D4 as investor risk appetite remained weak amid concern about the world economy.