Reuters: US Dollar Report: Dollar pares losses vs euro after drop in US new home sales

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Dollar pares losses vs euro after drop in US new home sales Jul 25th 2012, 14:10 NEW YORK, July 25 | Wed Jul 25, 2012 10:10am EDT NEW YORK, July 25 (Reuters) - The U.S. dollar pared losses against the euro on Wednesday after data showed a steep drop in U.S. new home sales for June.. The euro pared its gains to $1.2123, still up 0.5 percent on the day, from $1.2134 before the data. The dollar was little changed against the yen at 78.20 yen from about 78.22 yen before the data, up 0.4 percent on the day.

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