Euro cuts losses to turn flat on the day against dollar

LONDON Tue Feb 5, 2013 3:40am EST

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LONDON Feb 5 (Reuters) - The euro cut losses on Tuesday to turn flat on the day against the dollar as investors bought back the common currency on dips after it fell the previous day due to political worries in Italy and Spain.

The euro was flat at $1.3513, paring previous losses and rising past initial resistance at $1.3505, its 200 hour moving average.

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