As of 6 PM Lisbon time, the euro was trading at $1.1597, compared to $1.1663 at the same time on Monday.
The euro also declined against the pound but advanced against the yen.
The European Central Bank (ECB) set the euro’s reference exchange rate at $1.1665.
Consumer prices in the US increased by 2.7% year-on-year in June, the US Department of Labor reported today, surpassing the 2.4% annual rise in May.
The euro was briefly boosted by improved investor confidence in Germany, as well as by increased industrial production in the eurozone.
Investor confidence rose in Germany in July, fueled by optimism that the United States and the European Union will reach a trade agreement, despite ongoing uncertainties about global trade.
Industrial production increased by 3.7% in the eurozone and by 3.4% in the EU in May, compared to the same month last year, according to data released today by Eurostat.
The willingness of US President Donald Trump to negotiate with the EU raised expectations for a US-EU trade agreement and sometimes increased risk appetite and euro purchases, but the euro subsequently fell.
On Saturday, US President Donald Trump announced tariffs of 30% on European Union and Mexican imports starting from August 1.
Currencies……………..Today…………..Monday
Euro/Dollar…………..1.1597……………..1.1663
Euro/Pound…………..0.86624…………….0.86805
Euro/Yen……………172.66…………….172.24
Dollar/Yen…………..148.89…………….147.68
