Euro tries to hold on gains for second straight day

Euro tried to hold on to its gains for the second straight day on Tuesday as the dollar retreated against main currencies, while U.S. and global stocks fell.
 
EUR/USD last traded at 1.0588, up from the opening of 1.0585, with an intraday high at 1.0627, and a low at 1.0562.
 
Euro's rise comes as main currencies recover while the dollar dips on profit-taking after hitting 14-year highs, opening the door for the common currency to rebound.
 
Euro rose today to a one-week high before losing some of its gains and trading near the opening, while attempting to hold on to its gains.
 
On the other hand, U.S. and global stock indices fell on profit-taking after hitting recent record highs, helping the euro as investors look for alternative investments.