Early trade in New York: Euro little changed

The euro was little changed against the dollar on Tuesday after a report suggesting the European Central Bank would tighten rates this week and again in the future helped the currency recover from losses. The euro was last up 0.04 percent at $1.4224, closer to the session high of $1.4239 on Reuters data and still near a five-month high touched on Monday.
The euro was up 0.8 percent against the yen at 120.50, an 11-month high. The Australian dollar traded down as low as $1.0288, taking it further from its post float high touched on Monday. The Australian dollar was floated in December 1983. Against the yen, the dollar rose 0.7 percent to 84.64 yen, and at the session high matched the six-month peak set on Friday, according to Reuters data. A 200-day moving average at around 83.55 is now seen acting as support.