1. European currencies also pared earlier losses. 2. Southeast Asian currencies pared some of their losses, as the dollar fell against major currencies following the rout in U.S. stocks. 3. The U.S. currency pared its early gains after Clinton and Congressional leaders canceled a budget negotiating session originally scheduled for this afternoon. 4. The U.S. currency pared its loss against the yen, meantime, after Federal Reserve policy-makers held interest rates steady. 5. The U.S. currency later pared losses after Koebnick said countries participating in monetary union should be willing to tolerate lower rates. 6. The U.S. currency pared losses in midmorning trading as U.S. stocks rebounded from earlier lows. |