Reuters: US Dollar Report: FOREX-Euro recovers, little changed vs dollar at NY midsession

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FOREX-Euro recovers, little changed vs dollar at NY midsession Jun 7th 2012, 16:32 NEW YORK, June 7 | Thu Jun 7, 2012 12:32pm EDT NEW YORK, June 7 (Reuters) - The euro recovered to trade little changed against the dollar midway through the New York session as a surprise rate cut from the Chinese central bank helped risk appetite, while Federal Reserve Chairman Ben Bernanke gave few hints of further U.S. economic stimulus in testimony to Congress. The euro was last at $1.2575, little changed from the prior close and between the session high of $1.2625 and the session low of $1.2538.

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