Thursday, August 30, 2012

Reuters: US Dollar Report: Euro turns negative versus dollar, hits session low

Reuters: US Dollar Report
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Euro turns negative versus dollar, hits session low
Aug 30th 2012, 14:50

NEW YORK | Thu Aug 30, 2012 10:50am EDT

NEW YORK Aug 30 (Reuters) - The euro fell against the dollar, reversing early gains in mid-morning trade on Thursday as stocks extended declines.

It hit a session low of $1.2500 on Reuters data and last traded at $1.2508, down 0.2 percent on the day. Traders also cited corporate dollar buying.

The euro had risen earlier as investors speculated on whether Federal Reserve Chairman Ben Bernanke will signal further monetary easing and on hopes the European Central Bank will soon offer help to euro zone economies.

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