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Reuters reports the European currency was down 0.2 per cent to $1.2088 (82p) at 09:19 local time in New York.
However, it was still above the low of $1.19 it reached earlier in the week.
Investors said the decline - which came as the dollar dipped against the yen - was partially triggered by an unexpected fall in US retail sales during May.
"Obviously, the numbers have disappointed some, but we kind of expected retail sales to be down as consumers boosted their own savings and that correlated also to a fall in the stock market," Jon Doyle of Tempus Consulting was quoted by the news agency as saying.
The euro has been under pressure in recent weeks, as investors have expressed concerns about the ongoing debt problems in European countries such as Greece.
Posted by Greg Secker
