London, March 13 (Bloomberg) -- The euro fell to a nine-day low against thedollar amid concern accelerating French and German inflation will deter theEuropean Central Bank from cutting interest rates even as economic growthslows. ``Euro weakness is based on the fear that the ECB will wake up to the needto cut rates too late,'' said Paul Chertkow, head of global currency researchat Bank of Tokyo-Mitsubishi. The ECB may ``sit on its hands and growth willslow too much in the euro- zone'' while it rebounds in the U.S., he said. Reports today showed inflation accelerated in Germany and France inFebruary. Rising prices in the region's largest economies means theEuropean Central Bank probably won't cut the key rate from 4.75 percentbefore the end of June, analysts said. The euro fell to 92.15 U.S. cents per euro, from 92.76 in London lateyesterday, bringing the single currency's two-day decline to more than 1percent. Against the yen it fell to 110.79 from 111.76. The yen rose to119.83 per dollar, compared with the 20-month low of 120.68 reachedyesterday. French February consumer prices rose 0.3 percent, the first increase inthree months. Prices in Germany increased 0.6 percent in February afterrising 0.5 percent in January. Traders are expecting at least a 25 basis-point cut in euro zone interestrates by June, judging by interest-rate futures contracts. The spread betweenthe three-month Euribor rate and the June contract is 31 basis points. Thatspread is down from as much as 51 in January.