Euro wavers ahead of speech by Fed's Kaplan

Euro wavered on Tuesday near a five-month high ahead of an awaited speech by Fed official Kaplan about monetary policy and interest rates, with investors keeping their eye on the dollar. 

EUR/USD last traded at 1.0862, compared to the opening of 1.0862, with a session-high at 1.0876, and a low at 1.0848. 

Euro's wavering comes after hitting a five-month high yesterday amid a steep decline for the dollar, while the common currency trades flat today due to lack of economic data from the euro zone. 

The dollar kept edging down against a basket of currencies despite strong U.C. consumer confidence data, as markets await statements from Fed official Kaplan to take clues about the future of policy and interest rates and whether the tightening will be accelerated or not this year.  

On the other hand, yesterday the European Central Bank member Sabine Lautenschläger said markets should get ready for a change in monetary policy, hinting at a possible tempering of the bank's stimulus program and underpinning the euro.