Euro pares losses versus dollar
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.
- Tweet this
- Share this
- Digg this
- Israel intensifies Gaza assault, Egyptians revise truce plan
- Obama says strains over Ukraine not leading to new Cold War with Russia
- Chinese police shoot dead dozens after attack in Xinjiang
- In rare move, Canada accuses Chinese of trying to hack govt network
- L&T earnings raise 'multiple red flags' - Citi; stock slumps
Up to 150 people were feared trapped by a landslide triggered by heavy rains in Maharashtra on Wednesday, the inspector general of the national disaster force told Reuters, saying that the first batch of emergency workers had arrived at the scene. Full Article