Euro dips versus dollar as ECB's Draghi speaks

NEW YORK Thu Dec 6, 2012 7:13pm IST

NEW YORK Dec 6 (Reuters) - The euro erased gains against the dollar in early trade on Thursday after European Central Bank President Mario Draghi started his news conference following the bank's decision to keep interest rates on hold.

Draghi said economic weakness in the euro zone is expected to extend until next year and that inflation is expected to fall below 2 percent in 2013.

The euro traded as low as $1.3059, and was last at $1.3069, little changed on the day.

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