Euro glides off two-week high as dollar recovers

Euro fell today away from a two-week high as the dollar rebounded against a basket of currencies amid a lack of data from the U.S., underpinning the greenback. 

The dollar was hurt by disappointing data at the start of the week before rebounding today amid a lack of data, while investors move away from safe havens.

Caution remains in European markets as the French elections loom, especially after recent polls showed continued strength for the Far Right candidate Marie Le Pen, who campaign on a promise to exit the European Union. 

Therefore euro suffered from selling pressures today despite the stability of consumer prices in the euro zone in March while the trade balance surplus widened.  

EUR/USD last traded at 1.0708, down from the opening of 1.0729, with a session-high at 1.0738, and a low at 1.0701.