The dollar pared losses against the euro today after US existing home sales for October rose and beat the consensus expectation.
The pace of existing home sales rose modestly in October hitting a 6.24 million-unit annual rate, according to a report form the National Association of Realtors.
The euro initially fell against the dollar, trading at $1.3149 soon after the report from about $1.3165 shortly prior.
The dollar had earlier extended a week-long slide against the euro after a surprisingly weak report on US durable goods orders bolstered expectations that the Federal Reserve would cut interest rates sooner rather than later.
The greenback dropped to another 20-month low against the euro after news that October orders of long-lasting equipment, such as computers and aircraft, fell 8.3 per cent, their biggest decline since July 2000. The drop was much steeper than expected.