Wednesday, October 24, 2012

Reuters: US Dollar Report: Euro hits session low, stocks pare gains after German PMI

Reuters: US Dollar Report
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Euro hits session low, stocks pare gains after German PMI
Oct 24th 2012, 07:36

LONDON | Wed Oct 24, 2012 3:36am EDT

LONDON Oct 24 (Reuters) - The euro hit a session low against the dollar and European shares pared gains on Wednesday after weaker-than-expected German PMI data fuelled concerns about the resilience of the euro zone's largest economy.

The single currency fell 0.15 percent to $1.2965 on trading platform EBS, from $1.2993 before the data was released.

Europe's FTSEurofirst 300 pared back earlier gains, up 0.1 percent at 1,090.00 by 0732 GMT.

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