10:48 AM EDT, 06/20/2024 (MT Newswires) -- The euro climbed further off session lows against the dollar in North American trade on Thursday as front-end US government bond yields ebbed from their highs and the European Commission said consumer confidence ticked higher in June.

EUR/USD was quoted 0.21% lower around 1.0724 after rising further off intraday lows around 1.0712 when the two-year US bond yield ebbed from 4.75% following an earlier rally, and as the EC announced the latest consumer confidence figures.

Europe's consumer confidence index rose to -14 in June, from -14.3 previously, though this was below the consensus that had looked for an uplift to -13.6. This was the highest reading for the index since February 2022.

EUR/USD came under pressure in North America, Europe and Asia on Thursday after failing to capitalize on a robust risk appetite that saw equity markets climb broadly and high beta currencies show resilience in the face of a stronger US dollar.

The euro may have been held back by lingering concerns over French politics and dovish comments from Dutch central bank chief Klaas Knot, who told an audience that the European Central Bank could cut its interest rate twice more this year.