The euro was traded around 10:00 GMT (11:00 in Lisbon) at 1.1817 dollars, in comparison to 1.1755 dollars in the last hours of the European trading market of the previous day.
Investor confidence in Germany’s economy rose by 2.6 points in September to 37.3 points, according to the Center for European Economic Research (ZEW).
“Financial market experts are cautiously optimistic and the ZEW index has stabilized, but the economic situation has worsened,” said ZEW President Achim Wambach.
Expectations for the economic outlook in the eurozone and their assessment of the current economic situation improved in September.
Markets anticipate that the US Federal Reserve (Fed) will moderately cut interest rates on Wednesday, although last week the bets on a strong 50 basis point cut increased, weakening the dollar.
The single currency traded until 12:00 within a fluctuation range between 1.1758 and 1.1817 dollars.
