Reuters: US Dollar Report: Euro turns negative on day versus dollar

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

Euro turns negative on day versus dollar Nov 7th 2012, 12:01 Wed Nov 7, 2012 7:01am EST The euro cut gains to turn negative on the day on Wednesday, extending a drop after weak German industrial output data and as the impact of U.S. President Barack Obama's reelection faded. The euro traded slightly lower on the day at $1.2806. It dropped from around $1.2842 just before data at 1100 GMT revealed a 1.8 percent monthly fall in German factory production, increasing concerns the euro zone's largest economy may be faltering. Traders said the euro fell below stop loss sell orders at $1.2810. More losses could see it target the low reached in Asian trade of $1.2784.

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