Following heavy losses the previous week, the euro rebounded 0.22%, but stayed under 1.34 to trade at 1.3396 against the US dollar.
Eurozone GDP figures are keenly awaited later in the week in order to gauge the strength of the economic recovery of the single currency area.
Positive risk sentiment, reflected in higher European equity indices, pushed the dollar 0.24% higher against the yen to trade at 99.18.
In economic data, Italian Industrial output for September came in mixed, as the month-on-month growth slightly missed expectations coming in at +0.2%, whereas the year-on-year number came in at -3% versus -3.6% expected by economists.
Elsewhere in the Eurozone, the Greek government survived a no-confidence motion tabled by the opposition, but saw its already slim majority shrink by one to four after a government coalition deputy voted with the opposition and was expelled.
The euro was up 0.40% against sterling at 0.8381 and up 0.43% against the yen at 132.83.
In a quiet week for US economic statistics, the highlight for the US dollar will be the appearance of the nominee for the post of Federal Reserve President Janet Yellen before the Senate Banking Committee on Thursday.
The dollar gained 0.16% against sterling, driving the British currency back below 1.60 to trade at 1.5983.
Trading volumes were expected to remain low during the US session because of Veterans’ day holiday.
Following heavy losses the previous week, the euro rebounded 0.22%, but stayed under 1.34 to trade at 1.3396 against the US dollar.
Eurozone GDP figures are keenly awaited later in the week in order to gauge the strength of the economic recovery of the single currency area.
Positive risk sentiment, reflected in higher European equity indices, pushed the dollar 0.24% higher against the yen to trade at 99.18.
In economic data, Italian Industrial output for September came in mixed, as the month-on-month growth slightly missed expectations coming in at +0.2%, whereas the year-on-year number came in at -3% versus -3.6% expected by economists.
Elsewhere in the Eurozone, the Greek government survived a no-confidence motion tabled by the opposition, but saw its already slim majority shrink by one to four after a government coalition deputy voted with the opposition and was expelled.
The euro was up 0.40% against sterling at 0.8381 and up 0.43% against the yen at 132.83.
In a quiet week for US economic statistics, the highlight for the US dollar will be the appearance of the nominee for the post of Federal Reserve
President Janet Yellen before the Senate Banking Committee on Thursday.
The dollar gained 0.16% against sterling, driving the British currency back below 1.60 to trade at 1.5983.
Trading volumes were expected to remain low during the US session because of Veterans’ day holiday.
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