Reuters: US Dollar Report: Euro edges up, stocks trim gains as ECB on hold

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Euro edges up, stocks trim gains as ECB on hold May 3rd 2012, 11:56 LONDON | Thu May 3, 2012 7:56am EDT LONDON May 3 (Reuters) - The euro briefly rose against the dollar while European equities trimmed gains after the European Central Bank left interest rates unchanged on Thursday. Financial markets' focus will now switch to a news conference by ECB President Mario Draghi at 1230 GMT. The euro briefly rose to around $1.3136 against the dollar from $1.3128 just before the decision, staying close to Wednesday's low of $1.3122. The FTSEurofirst 300 index of leading pan-European shares trimmed gains slightly. It was last up 0.9 percent on the day, trading at 1,053.08, having traded 1 percent higher before the decision. German Bund futures were last 10 ticks lower on the day at 141.63, little changed.

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