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MW: Euro erases gains versus dollar
 
By Deborah Levine

NEW YORK (MarketWatch) -- The dollar recovered from earlier losses versus the euro in early U.S. trading on Monday amid less optimism indicated in the stock markets. The euro (CUR_EURUSD 1.2949, +0.0054, +0.4189%) changed hands at $1.2944, up slightly from $1.2942 in North American trade late Friday. It rose as high as $1.2991 early in the European trading session. The dollar index (DXY 82.58, +0.09, +0.11%) , which tracks the greenback against a basket of six major currencies, traded at 82.575, up from 82.504 on Friday. "With U.S. equity futures currently giving up earlier gains, dollar buying interest could step in," said analysts at Action Economics.
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