NEW YORK (dpa-AFX) – The euro gave up most of its previous gains in late US currency trading on Tuesday. Most recently, the common currency cost 1.0328 US dollars. In the late European currency trade, the euro was still quoted at $ 1.0360. The European Central Bank had set the reference rate at 1.0366 (Monday: 1.0463) dollars. The dollar thus cost 0.9646 (0.9557) euros.

    The euro only benefited temporarily from a weak dollar. The market pointed to the somewhat calmer situation in China, which made the safe haven dollar appear less lucrative.

    In the past few days there have been protests in the People’s Republic against the strict Corona course of the political leadership. This had left the markets wondering how the Communist Party would react and what that meant for the economy. Massive police presence prevented protests from flaring up again in several Chinese cities on Tuesday./bek/jha/