Investing.com - The dollar was steady to lower against the other major currencies on Monday, as trade volumes were expected to remain thin with U.K. markets closed for a public holiday and markets in the U.S. remaining shut for the Memorial Day holiday.
The dollar was little changed against the euro, with EUR/USD inching up 0.04% to 1.3636.
Sentiment on the single currency remained fragile since the European Central Bank indicated at its May 5 meeting that it is comfortable with easing monetary policy as soon as its next meeting in June, to tackle low levels of inflation in the region.
Sentiment on the shared currency was also hit after anti-European Union and far-right parties performed strongly in elections to the European Parliament in some countries over the weekend, amid voter anger over austerity and high unemployment.
Market participants were also watching for any indications on the future direction of the ECB''s monetary policy, as central bank president Mario Dragh was to speak at the ECB Forum in Portugal later Monday.
The pound was higher against the dollar, with GBP/USD adding 0.10% to 1.6845.
The dollar was steady against the yen and the Swiss franc, with USD/JPY dipping 0.05% to 101.92 and with USD/CHF easing up 0.02% to 0.8955.
The greenback was mixed against the Australian, New Zealand and Canadian dollars, with AUD/USD edging up 0.13% to 0.9243, NZD/USD down 0.13% to 0.8542 and USD/CAD easing 0.01% to 1.0861.
The kiwi came under pressure after official data earlier showed that New Zealand''s trade surplus narrowed to NZ$534 million in April, from NZ$920 million the previous month. Analysts had expected the trade surplus to narrow to NZ$667 million last month.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.04% to 80.39.
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