Reuters: US Dollar Report: Euro surrenders gains vs dollar, turns negative

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 surrenders gains vs dollar, turns negative Jan 2nd 2013, 16:32 NEW YORK | Wed Jan 2, 2013 11:32am EST NEW YORK Dec 2 (Reuters) - The euro reversed gains versus the dollar to trade negative in late morning trade on Wednesday as the initial euphoria over a U.S. deal to avert the "fiscal cliff" faded. The euro fell as low as $1.3183 on Reuters data and was last down 0.1 percent at $1.3190. Analysts said while the legislation passed averted huge tax hikes and spending cuts, it did not end the political showdown on the budget. Battles over the sequester, as the automatic spending cuts are known, and the U.S. debt ceiling will come to a head in February.

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