The single European currency was at 1.
5210 dollars around 2200 GMT, up from 1.5203 late Monday in New York. Earlier Monday it had soared to a new peak of 1.
5274 dollars.
The dollar also fell against the Japanese currency, hitting 103.
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29 yen from 103.42 on Monday.
The euro was supported by reports that the European Central Bank (ECB) was planning to raise its inflation forecasts for the eurozone, a move that would complicate any plans to lower interest rates as a means of spurring growth.
Eurostat underpinned concerns that supported the outlook for rates to be left unchanged.
The official data agency reported January producer prices in the eurozone rose at a stronger-than-expected clip of 0.
8 percent from December, when they had posted a scant monthly rise of 0.1 percent.
On a 12-month basis, the early indicator of inflationary pressures jumped by 4.
9 percent.
Eurostat also trimmed its 2007 economic growth forecast for the 15-nation eurozone to 2.
6 percent, revised from last