The greenback has been falling in recent weeks as inflation data and Federal Reserve commentary implied that it could soon slow the pace of its interest rate hikes.
The euro was last down 0.56% against the dollar at $1.0337 after falling as much as 0.86% earlier in the session. Simon Harvey, senior FX analyst at Monex Europe, said the dollar was consolidating as investors try to work out the direction of the US economy.
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