Investing.com - " The euro slipped lower against the dollar on Tuesday as investors remained wary ahead of Thursday's European Central Bank meeting amid expectations that the bank may cut rates.
EUR/USD hit 1.3491 during late Asian trade, the session low; the pair subsequently consolidated at 1.3496, losing 0.15%.
The pair was likely to find support at 1.3441, Monday's low and a one-and-a-half month low and resistance at 1.3570, the high of October 15.
The euro recovered from six-week lows against the dollar on Monday after data showed that manufacturing activity in the euro zone edged higher in October from the previous month.
However, the single currency looked likely to remain under pressure in the run-up to Thursday's meeting after weak euro zone inflation data last week raised concerns that the ECB will cut rates in order to safeguard the economic recovery in the region.
Meanwhile, comments by Federal Reserve officials on Monday indicated that the bank is likely to keep its stimulus program in place for some time to come.
Federal Reserve Bank of Boston President Eric Rosengren said bank should keep its asset purchase program in place until there is "compelling evidence of a sustainable recovery making satisfactory progress toward full employment."
The euro was lower against the yen, with EUR/JPY down 0.33% to 132.84.
The dollar was also lower against the yen, with USD/JPY slipping 0.16% to 98.43.
