Investing.com - The dollar was mostly steady against the other major currencies on Monday, as expectations for the Federal Reserve to keep interest rates on hold for longer continued to weigh on demand for the greenback.
The dollar was little changed against the euro, with EUR/USD down 0.01% to 1.3650.
The greenback remained under pressure after official data last week showed that the U.S. economy contracted at an annual rate of 2.9% in the first three months of the year.
Another report showed that U.S. consumer spending rose by just 0.2% in May, below forecasts for 0.4%.
Earlier Monday, official data showed that German retail sales data slipped 0.6% in May, compared to expectations for a 0.7% rise, after a 1.5% decline in April, whose figure was revised down from a previously estimated 0.9% fall.
The pound was steady against the dollar, with GBP/USD dipping 0.07% to 1.7025.
The dollar was almost unchanged against the yen and the Swiss franc, with USD/JPY easing 0.05% to 101.37 and with USD/CHF down 0.06% to 0.8903.
The greenback was higher against the Australian, New Zealand and Canadian dollars, with AUD/USD sliding 0.21% to 0.9403, NZD/USD dropping 0.49% to 0.8735 and USD/CAD easing up 0.20% to 1.0684.
The kiwi weakened after data showed that the ANZ business confidence index for New Zealand ticked down to 42.8 this month, from a reading of 53.5 in May.
A separate report showed that building consents in New Zealand dropped 4.6% in May, after an increase of 1.9% in April, whose figure was revised up from a previously estimated 1.5% rise.
In Australia, industray data earlier showed that new home sales dropped 4.3% last month, after a 2.9% increase in April.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.01% to 80.07.
Later in the day, the U.S. was to produce data on manufacturing activity in the Chicago region and a report on pending home sales.
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