Euro extends losses vs dollar, hits New York session low
NEW YORK, March 21
NEW YORK, March 21 (Reuters) - The euro widened losses against the dollar on Thursday, hitting New York session lows, on a combination of upbeat U.S. data and fresh negative headlines on Cyprus.
U.S. reports showed existing home sales in February hitting a three-year high, further bolstering the sector's recovery and boosting the dollar as a result. Data also showed that manufacturing in the U.S. mid-Atlantic region expanded for a second straight month in March.
At the same time, the euro was hit by comments from a senior euro zone official saying on Thursday that Cypriot banks face collapse if the country does not agree to a levy on bank deposits.
The euro fell to a New York trading low of $1.2884 and was last at $1.2886, down 0.4 percent.
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- UPDATE 2-China bars banks from bitcoin transactions
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Obama says he's not allowed iPhone for 'security reasons'
- Ford launches new global Mustang to buoy brand, boost margins