The Euro is trading nearly flat on Friday after recovering from an early session setback. The stronger U.S. Dollar is fueling the selling pressure.
The greenback is being supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes, while the single-currency is being weighed down by investor concerns about the economic costs of war in Ukraine and a potentially nail-biting election in France, according to Reuters.
At 11:09 GMT, the EUR/USD is trading 1.0879, down 0.0001 or -0.01%. On Thursday, the Invesco CurrencyShares Euro Trust settled at $100.78, down $0.26 or -0.26%.