Euro climbs as dollar wavers

Euro rose on Tuesday as trading volumes grew thin in the markets while the dollar wavers, helping the common currency inch higher.
 
EUR/USD last traded at 1.0466, up from the opening of 1.0450, with an intraday high at 1.0471, and a low at 1.0446.
 
Euro's modest gains come amid thin trading volumes due to the Christmas holiday, with most liquidity moving out of the markets this week.
 
On the other hand, the euro kept trying to recover from its recent lows, as the dollar spiked against main currencies after the Federal Reserve increased interest rates.
 
Better outlook for inflation in the Eurozone helped the currency recover, as the European Central Bank could change its stimulus policy and sap out some of the euro liquidity, which would prop up the common currency.