The euro was steady in early European trading Tuesday, with markets quoting 1.3158 dollars, about on par with quotations the evening before in New York. The rate, equating to 75.96 euro-cents per dollar, was down slightly from the 1.3199 dollars reference pegging set Monday afternoon by the European Central Bank. The euro came under pressure on Monday amid widespread anticipation that the U.S. Federal Reserve's rate-setting Open Market Committee will once again boost its main rate by a quarter-point, to 2.75 per cent, late Tuesday. This would further widen the gap with the eurozone's main refinancing rate, now at 2 per cent.
