Wednesday, March 28, 2012

Reuters: US Dollar Report: Euro hits session low vs dollar - Reuters data

Reuters: US Dollar Report
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Euro hits session low vs dollar - Reuters data
Mar 28th 2012, 13:07

NEW YORK, March 28 | Wed Mar 28, 2012 9:07am EDT

NEW YORK, March 28 (Reuters) - The euro hit a fresh session low against the U.S. dollar o n W ednesday after weaker-than-expected U.S. data and cautious remarks from European Central Bank policymaker Jens Weidmann.

The euro reversed gains early to fall to as low as $1.3297 , according to Reuters data.

Weidmann on Wednesday said that the euro zone is likely to see more divergent economic development for the next few years.

In addition, new orders for U.S. manufactured goods rose less than expected in February.

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