LONDON—European shares were holding near a 5–1/2 week high on Tuesday while the dollar languished near its lowest in two-and-a-half months on expectations the U.S. Federal Reserve is likely done with interest rate hikes.
The pan-European STOXX 600 index was little changed on the day at 455.98 points. The index is up over 5 percent this month and on track for its biggest monthly gain since January.
