Dollar briefly trims losses vs euro on homes data

NEW YORK, July 23 (Reuters) - The dollar briefly trimmed losses against the euro on Thursday, after data showed U.S. existing home sales rose 3.6 percent in June.

The initial reaction was mild buying in the dollar versus the euro, with traders saying about 30 percent of sales were properties under "distress".

The euro fell to $1.4212 EUR= immediately after the data but was last $1.4225, the level before the data was released. The dollar extended gains versus the yen JPY= to 94.95 yen

For U.S. existing housing sales story, click on [ID:nN23336138]. (Reporting by Gertrude Chavez-Dreyfuss; Editing by James Dalgleish)