LONDON—The euro steadied on Tuesday after data showed the eurozone narrowly avoided a technical recession in the fourth quarter, while the U.S. dollar edged lower, as traders awaited the Federal Reserve’s monetary policy decision this week.
Gross domestic product (GDP) in the 20 countries sharing the euro was flat in the fourth quarter against the previous three months, mainly thanks to strong growth in Spain and Portugal and a modest increase in Italy, while the German economy shrank in the final three months of 2023.
