NEW YORK Aug 22 The euro surrendered gains and
traded lower against the U.S. dollar in late morning trade in
New York on Monday, though investors were reluctant to make big
bets ahead of a speech by the Federal Reserve chairman later
The Fed will host its annual retreat in Wyoming this week,
and recent market turmoil and signs of weaker U.S. growth have
fed expectations that Fed Chairman Ben Bernanke may hint at
more emergency stimulus for the economy.
The euro was last at $1.4377, down 0.1 percent on the day,
but still off the global session low of $1.4345. The session
peak touched earlier was $1.4434, according to Reuters data.
(Reporting by Nick Olivari; Editing by Padraic Cassidy)