The euro was steady on Wednesday after data showed eurozone inflation declined in January in line with expectations.
Prices rose 1.3% in January year on year versus the 1.4% rate of the previous month.
Marking the lowest rate of inflation since July, the outcome suggests euro strength has pushed down the cost of imports to the eurozone bloc.
It also takes the pressure off the European Central Bank (ECB) to hike interest rates in 2018 or pare back its quantitative easing programme before the current batch of asset purchases end in September.
The euro traded higher on Wednesday against the dollar and was relatively steady after the data was published.
It was 0.37% higher against the dollar on the session as at 1030 GMT.