Reuters: US Dollar Report: Euro hits session lows vs dollar after U.S. data

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Euro hits session lows vs dollar after U.S. data Jun 21st 2012, 14:17 NEW YORK, June 21 | Thu Jun 21, 2012 10:17am EDT NEW YORK, June 21 (Reuters) - The euro hit session lows against the dollar on Thursday after a data showing U.S. existing-home sales fell last month and an index of business conditions in the U.S. mid-Atlantic region registered a sharp contraction. U.S. existing home sales fell 1.5 percent in May, compared with a consensus decline of 1.1. percent, while the Philadelphia Federal Reserve Bank's business index dropped to -16.6, compared with expectations for a reading of unchanged. The euro fell to the day's lows of $1.2605 from $1.2627 just before the data. It was last at $1.2614, down 0.7 percent.

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