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
- UPDATE 1-Boehner erupts at conservative groups ahead of U.S. budget vote
- UPDATE 2-Hawaii official who released Obama birth certificate dies in plane crash
- Republican feud boils over in U.S. budget deal fight
- US STOCKS-Wall St drops on taper anxiety; Facebook rallies
- South Africa admits error over 'schizophrenic' Mandela signer |
India's battle with inflation and weak economic growth became more challenging on Thursday with a sharp spike in the cost of food driving the highest retail price rises on record and a worse-than-anticipated contraction in industrial production. Full Article