FOREX-Euro surrenders gains as ECB cuts growth forecast

NEW YORK, Sept 6 Thu Sep 6, 2012 8:43am EDT

NEW YORK, Sept 6 (Reuters) - The euro surrendered gains against the dollar on Thursday after the European Central Bank President Mario Draghi said at a press conference that ECB staff had cut their growth forecast for the euro zone.

The euro was last at $1.2594, little changed on the day. The euro became volatile as Draghi began speaking.