July 25, 2012 / 2:12 PM / 5 years ago

Dollar pares losses vs euro after drop in US new home sales

NEW YORK, July 25 (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. (Reporting by Nick Olivari; Editing by James Dalgleish)

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