Reuters: US Dollar Report: Euro falls to 10-day low vs dollar before ECB conference

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Euro falls to 10-day low vs dollar before ECB conference May 3rd 2012, 12:14 LONDON | Thu May 3, 2012 8:14am EDT LONDON May 3 (Reuters) - The euro fell to its lowest in 10 days against the dollar on Thursday as the market awaited a news conference from European Central Bank President Mario Draghi which follows Wednesday's very weak euro zone data. The euro fell to $1.31185, according to EBS data, with traders saying stop loss sell orders were triggered on the break below Wednesday's low of $1.3122. The euro's low roughly coincided with its 100-day moving average. The ECB earlier left interest rates on hold at 1.0 percent, with the news conference due at 1230 GMT.

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