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.
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India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said. Full Article