Reuters: US Dollar Report: Dollar erases losses vs euro as Bernanke speaks

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Dollar erases losses vs euro as Bernanke speaks Jun 20th 2012, 18:38 NEW YORK, June 20 | Wed Jun 20, 2012 2:38pm EDT NEW YORK, June 20 (Reuters) - The U.S. dollar erased its losses against the euro to trade slightly higher in mid-afternoon trade on Wednesday as investors digested comments by Federal Reserve Chairman Ben Bernanke. The euro last traded at $1.2682, down slightly on the day. It traded around $1.2710 before Bernanke's press conference started. Bernanke said the Fed is prepared to take further steps if necessary to promote growth and support the labor market. Earlier, the U.S. central bank expanded its "Operation Twist" program and sharply downgraded its economic growth forecasts.

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