The euro fell slightly against the U.S. dollar Tuesday, amid concerns about higher oil prices and ahead of several reports on the health of the world's biggest economies. In European trading, the 12-country currency bought US$1.2101, slightly less than the US$1.2158 it bought in New York late Monday. The dollar rose to 109.85 Japanese yen from 109.26 late on Monday, and the British pound fell to US$1.8190 from US$1.8278. Crude oil futures remained above US$60 a barrel Tuesday on supply fears and concerns that Iran's new hard-line president could undermine its oil industry. Analysts say oil prices are likely to remain a concern for markets, as worries grow that higher crude prices could take a toll on global economic growth. High oil prices are expected to keep pressure on those currencies from economies that are particularly sensitive to global growth, and most exposed to imported oil. On Friday, the euro hit a 10 1/2-month low against the dollar, dipping below US$1.20 briefly amid speculation that the European Central Bank might consider an interest rate cut. Since a weaker euro helps European exports, the lower currency helped German business confidence rise in June after four months of declines.