Euro rose on Tuesday against a basket of global currencies to continue its gains for the second day in a row against USD, with the correction and profit taking to the US currency from the highest level in 19 months, after US President Donald Trump to the Federal Reserve not to raise interest rates before The latest meeting of monetary policy begins in 2018, ahead of the release of important data from Germany on confidence in the business climate in Europe’s largest economy in December.

Euro rose against the dollar by 0.2% as of 08:25 GMT, trading at $ 1.1367, the opening price of $ 1.1347, the highest at $ 1.1370 and the lowest at $ 1.1336.

The single European currency (EUR) yesterday gained 0.4% against the US dollar, its first gain in three days, after the US currency dropped from a 19-month high against a basket of major and minor currencies.

The dollar index fell 0.2% on Tuesday, extending losses for the second day in a row, with corrections and profit taking from a 19-month high of 97.71 points.

USD also fell under pressure from US President Donald Trump’s recent demand for the Federal Reserve not to raise interest rates before the start of its last monetary policy meeting in 2018 later in the day.

In a new tweet, Donald Trump said it was inconceivable that the central bank would even consider tightening monetary policy under global economic and political uncertainty.

Investors are awaiting important data on confidence in the business climate in Germany, the euro zone’s largest economy, to be released by 09:00 GMT. The IFO Institute of Business Climate Index in December forecast 101.8 points from 102.0 in November.