Investing.com - The euro treaded steady against the dollar on Monday, coming off earlier gains as investors continued to brace for the European Central Bank to loosen monetary policy at its June meeting.
In U.S. trading, EUR/USD was flat at 1.3757, up from a session low of 1.3746 and off a high of 1.3775.
The pair was likely to find support at 1.3673, the low from April 4, and resistance at 1.3994, Thursday's high.
Last week, the European Central Bank left interest rates unchanged at 0.25%, though the euro dropped after ECB President Mario Draghi said the bank's governing council is comfortable with acting at its next meeting in June.
The euro dropped on Draghi's comments though the currency found support on Monday, posting cautious gains against the dollar after steadying in late- morning U.S. trading.
On Monday, ECB Vice President Vitor Constancio said medium-term inflation outlook will take center stage when monetary authorities consider implementing fresh policy measures.
He said the ECB was considering a wide range of policy options but stopped short of indicating what the bank may decide.
He stressed the ECB won't ignore the euro's strength but added that the exchange rate is not a policy target.
Elsewhere Monday, International Monetary Fund head Christine Lagarde renewed calls for more stimulus from the ECB, warning that persistently low inflation rates posed a serious threat to the European recovery.
The euro was down against the pound, with EUR/GBP down 0.13% to 0.8153, and up against the yen, with EUR/JPY up 0.27% at 140.48.
On Tuesday, the ZEW Institute is to release its closely watched report on German economic sentiment, a leading indicator of economic health.
The U.S. is to produce data on retail sales, as well as reports on import prices and business inventories.