The euro eased 0.1% against the U.S. dollar on Tuesday to around 1.1695, moving below the 1.1700 level even as markets lowered expectations for a Federal Reserve interest rate hike. Mixed eurozone economic data, high energy costs, inflation concerns and the potential for a winter recession are limiting the single currency’s gains. The European Central Bank has signaled gradual monetary-policy normalization, but its pace remains slower than the Fed’s, adding pressure on the euro. A break below 1.1700 could expose support near 1.1650, while clearer signals of a Fed pause could help EUR/USD recover toward 1.1750. The exchange-rate moves matter for traders and transatlantic businesses because they can affect profit margins, pricing and hedging decisions.