LONDON, June 19: The euro was steady on Tuesday despite a disappointing German business confidence survey, which failed to sway belief that a eurozone interest rate increase was likely in September, analysts said.

In late European deals, the euro nonetheless eased back to $1.3411 following a weaker-than-expected economic survey by the Mannheim-based economic think tank ZEW.

Europe’s single currency had traded for $1.3414 late on Monday in New York.

The dollar stood at 123.42 yen, down from 123.66 on Monday.

On the London Bullion Market, the price of gold edged up to $656.30 per ounce, from $656.00 late on Monday.—AFP