The euro rose against the U.S. dollar Tuesday, recovering from a nine-month low against the U.S. currency The 12-nation euro lifted to US$1.2129 in early European trading, up from US$1.2089 in New York late the previous day and about a cent above the low of US$1.2032 it reached Monday. The British pound rose to US$1.8093 from to US$1.8047. The dollar also fell against the Japanese yen, dropping to 109.27 yen from 109.59 yen. Traders appeared to be taking profits after the dollar rose on optimism over the U.S. economy, which was fueled by a better-than-expected U.S. trade deficit report Friday. More U.S. economic information this week, including international capital flow data and first-quarter current account figures, could help the dollar further. The euro rose to an all-time high of US$1.3667 at the end of last year on concerns about the wide U.S. trade and budget deficits before slipping back. Analysts say a lower euro could benefit the countries that use it because the currency's recent strength has been sapping growth by reducing the competitiveness of European goods and services at home and abroad.