Euro inches down from two-week high

Euro inched down on Tuesday after hitting a two-week high against the dollar yesterday, as the greenback kept wavering near a two-week low, while trading volumes grew thin.
 
EUR/USD last traded at 1.0744, down from the opening of 1.0760, with a session-low at 1.0726, and a two-week high at 1.0788.
 
Euro's drop today comes as the dollar tries to recover from a two-week low against main currencies, but weak trading volumes prevented large movements.
 
Euro drew support yesterday from the Eurogroup's agreement on higher spending levels from Germany, Netherlands, and Luxembourg, with not specific target for spending, while members of the European Parliament mentioned that Britain's exit negotiations will be met with strict rules from the EU with no compromises.
 
Euro's movements come ahead of the European Central Bank's meeting this week, after Italy's voters rejected a referendum on constitutional amendments on economic reforms and banking overhaul.