A stronger-than-expected reading from a gauge of German business confidence also aided the shared currency, analysts said. The Ifo Institute said its business confidence index was unchanged 114.2 in May, better than forecasts for a decline to 113.7.
The dollar index DXY -0.21% , which measures the U.S. unit against a basket of six major currencies, slipped to 75.988, down from 76.135 late Monday.
The euro EURUSD +0.3845% changed hands at $1.4095 in recent action after falling as low as $1.3969 in North American trading on Monday
