Reuters: US Dollar Report: Euro pares losses 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 pares losses versus dollar Dec 7th 2012, 16:19 NEW YORK | Fri Dec 7, 2012 11:19am EST NEW YORK Dec 7 (Reuters) - The euro pared losses against the dollar in late morning trade on Friday as traders covered some short positions. Traders cited a Market News International report that said senior European Central Bank Executive Board members, including President Mario Draghi and Bundesbank President Jens Weidmann, opposed a rate cut supported by the majority at the ECB's most recent policy meeting on Thursday. The ECB left rates steady at 0.75 percent. The euro was last down 0.2 percent at $1.2945. It had fallen to a session low of $1.2878 immediately after the release of U.S. jobs data that was stronger than expected.

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