The euro edged lower in European trading on Tuesday against a basket of major currencies, retreating from a two-week high against the US dollar amid some profit-taking and corrective selling.
With continued uncertainty surrounding the likelihood of a European interest rate cut this December, investors are awaiting the release of key European inflation data for November later today for further clues on the European Central Bank's monetary easing strategy.
The euro fell less than 0.1% against the dollar to $1.1603, from an opening price of $1.1609, after reaching a high of $1.1614.
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