Euro slightly lower against dollar at $1.3284

The euro was only slightly lower against the dollar Thursday after the dollar lost ground on reports that the U.S. economy shrank at a sharp pace.

The 16-nation euro bought $1.3284 in European morning trade, down slightly from the $1.3289 late Wednesday in New York.

The British pound bought $1.4804 compared with $1.4772 late Wednesday in New York.

The U.S. Commerce Department said Wednesday that the U.S. economy shrank at a …