Investing.com - The dollar edged lower against the other major currencies on Monday, as Friday's disappointing U.S. economic growth data continued to weigh and as investors eyed upcoming U.S. data due later in the day.
Sentiment on the greenback became vulnerable after the Commerce Department said in a report on Friday that the U.S. economy expanded 2.6% in the final three months of 2014, below expectations for a 3.0% gain and slowing sharply from growth of 5.0% in the three months to September.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.18% to 94.88.
EUR/USD gained 0.47% to 1.1341.
Market research group Markit earlier said that Germany's manufacturing purchasing managers' index slipped to 50.9 in January from 51.0 the previous month, confounding expectations for the index to remain unchanged.
France's manufacturing PMI ticked down to 49.2 this month from 49.5 in December. Analysts had also expected the index to remain unchanged in January.
For the entire euro zone, Markit reported that the manufacturing PMI held steady at 51.0 this month, in line with expectations.
The pound slid lower, with GBP/USD down 0.27% to 1.5024, even as Markit said that its U.K. manufacturing PMI rose to 53.0 last month from a reading of 52.5 in December. Analysts had expected the index to inch up to 52.6 in January.
Elsewhere, USD/CHF rallied 1.25% to trade at 0.9314, while USD/JPY edged up 0.17% to 117.70.
The Australian and New Zealand dollars were higher, with AUD/USD climbing 0.53% to 0.7807 and NZD/USD up 0.24% to 0.7273.
The Canadian dollar pulled away from last week's six-year lows, with USD/CAD sliding 0.37% to 1.2684.
Later in the day, the U.S. was to produce a report on personal income and spending. The Institute of Supply Management was also to release data on manufacturing activity.