The euro crept higher on Monday after striking a series of historic peaks close to 1.50 dollars last week as dealers worried about the health of the US economy.
The European single currency stood at 1.4865 dollars, compared with 1.4836 late in New York on Friday.
The euro has struck an historic 1.4967 dollars on Friday. The dollar has since rebounded slightly, boosted by a rebound on Wall Street late last week after a busy start to the US holiday season, dealers said.
With no major data pegged for release on Monday, dealers looked to US existing home sales data due out Tuesday and new home sales figures set for Wednesday.
"This week, the dollar should remain on the back foot," Commerzbank analyst Gavin Friend said.
"Fresh housing data is likely to confirm market concerns on possible billions of writedowns in the US financial sector," he added.
The dollar has fallen sharply this year against other world currencies, hit by a US housing slump
that has brought tightening credit conditions.
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