MW: Dollar heads lower versus euro as stocks gain ground
Greenback down in June, but heads to best quarter since Sept. 2008
By Deborah Levine and William L. Watts, MarketWatch
NEW YORK (MarketWatch) -- The dollar headed back down in late-morning trading on Wednesday, as U.S. stocks recovered and the euro gained as weaker-than-expected demand for three-month loans from the European Central Bank tempered worries about the health of the euro-zone's banking sector.
The greenback had pared the loss after a surprisingly weak report on U.S. private-sector job growth quelled some lingering optimism about the economy's recovery.
The euro (CUR_EURUSD 1.2287, +0.0102, +0.8372%) rose to $1.2284, up from $1.2206 in North American trade on Tuesday. That's compared to around $1.2213 ahead of the ECB's announcement of the refinancing results.
Against the yen, the single currency (CUR_EURYEN 108.7700, +0.9300, +0.8624%) bought ¥108.72, compared to ¥107.99 on Tuesday.
