NEW YORK, March 21 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
The euro fell to a New York trading low of $1.2884
and was last at $1.2886, down 0.4 percent.