Reuters: US Dollar Report: Euro turns negative on day as summit expectations dim

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Euro turns negative on day as summit expectations dim Jun 28th 2012, 08:00 LONDON, June 28 | Thu Jun 28, 2012 4:00am EDT LONDON, June 28 (Reuters) - The euro reversed gains to turn negative against the dollar on Thursday after a German government source said an EU summit would produce no detailed decisions, and benchmark Spanish government bond yields rose above 7 percent. The euro fell to a session low of $1.2449 on trading platform EBS, with traders expecting supporting bids around this week's low near $1.2441.

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