(Reuters) - The U.S. dollar pared losses against the euro on Wednesday after data showed a steep drop in U.S. new home sales for June.. The euro pared its gains to $1.2123, still up 0.5 percent on the day, from $1.2134 before the data. The dollar was little changed against the yen at 78.20 yen from about 78.22 yen before the data, up 0.4 percent on the day. 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(Bryan O'Rourke) Apple Earnings Preview: Timing of iPhone 5 Launch May… (Benzinga) [?] We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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