Bloomberg News

Euro Pares Gain Versus Dollar as Draghi Sees ‘Downside Risks’

June 06, 2012

The euro pared its gain against the dollar after European Central Bank President Mario Draghi said the economic outlook has “increased downside risks.”

The 17-nation currency was 0.2 percent higher at $1.2481 at 1:34 p.m. London time, after strengthening to as high as $1.2528. The euro rose 0.7 percent against the yen to 98.74.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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