Euro moves higher against the dollar

NEW YORK Mon Aug 20, 2012 11:21am EDT

NEW YORK Aug 20 (Reuters) - The euro recovered to trade higher against the dollar on Monday as investors bet that the move lower in New York morning trade was too far, too fast.

Earlier the euro slipped after the European Central Bank brushed aside a report in Germany's Der Spiegel magazine that it was considering setting yield thresholds for any moves to buy the bonds of struggling euro sovereign debtors.

The euro was last at $1.2343, up 0.1 percent, and closer to the session peak of $1.2368 than the session low of $1.2293 .

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