Reuters: US Dollar Report: U.S. dollar trims declines against euro after data

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

U.S. dollar trims declines against euro after data Jul 31st 2012, 13:58 NEW YORK, July 31 | Tue Jul 31, 2012 9:58am EDT NEW YORK, July 31 (Reuters) - The dollar pared losses against the euro after data showed the pace of business activity in the U.S. Midwest rose in July. The euro last traded at $1.2280, up 0.2 percent on the day, compared with $1.2297 before the data. "What it does do, however, is guarantee the Fed won't take any action tomorrow because we have not seen enough pullback in the U.S. economy to justify any action," said Kathy Lien, managing director of BK Asset Management in New York.

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