Euro trims gains on reports Cyprus changes to deposit levy rejected

NEW YORK, March 22 Fri Mar 22, 2013 11:11am EDT

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NEW YORK, March 22 (Reuters) - The euro quickly trimmed gains against the dollar on Friday after Market News International reported, citing sources, that the European Central Bank has rejected changes that a Cyprus parliamentary committee has made on the bank deposit levy.

The euro quickly dropped to $1.2959 after hitting a one-week high of $1.3002. It was last at $1.2974, still up 0.6 percent on the day.

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