Hopes that the possibility of U.S. military strikes may be waning enticed investors out of the safety of the dollar and into risk-on asset classes.
In U.S. trading on Tuesday, EUR/USD was up 0.09% at 1.3265, up from a session low of 1.3231 and off from a high of 1.3276.
The pair was likely to find support at 1.3105, Friday's low, and resistance at 1.3280, Monday's high.
Syria's reported willingness to give up control of its chemical weapons stockpiles sparked demand for higher-yielding asset classes Tuesday as fears subsided the U.S. would attack.
While the Obama administration has pressed its case for attack on the grounds Damascus used chemical weapons in its civil war, polls show most Americans do not favor attacking Syria.
The U.S. has said it would explore Russia's proposal.
Elsewhere, upbeat data out of China fueled demand for the euro by watering down dollar buying as well.
Chinese industrial production rose 10.4% in August, beating expectations for a 9.9% increase and accelerating from a 9.7% gain in July.
Earlier this week, China reported that its exports grew 7.2% year-over-year in August, up from 5.1% in July, which painted a picture of an improving global economy.
Elsewhere, the euro was down against the pound and up against the yen, with EUR/GBP trading down 0.15% at 0.8434 and EUR/JPY trading up 0.84% at 133.10.
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