Reuters: US Dollar Report: Euro continues to fall vs dollar, at fresh session low

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Euro continues to fall vs dollar, at fresh session low Sep 6th 2012, 13:52 NEW YORK, Sept 6 | Thu Sep 6, 2012 9:52am EDT NEW YORK, Sept 6 (Reuters) - The euro fell to a fresh session low against the dollar on Thursday after the German economy minister said ECB bond buying cannot be a permanent solution but structural reforms must have priority. Investors were already disappointed that European Central Bank President Mario Draghi had not provided enough details on the ECB's plans to stem the euro zone debt crisis. The ECB agreed to launch a new and potentially unlimited bond-buying program to lower struggling euro zone countries' borrowing costs and draw a line under the debt crisis, Draghi said. But much of that news had been priced into the euro after a leak to the press on Wednesday, analysts said. The euro was last at $1.2569, down 0.2 percent on the day and close to the session low of $1.2559. The New York session has been volatile since Draghi began speaking.

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