Investing.com - The dollar was little changed against the euro and the yen on Monday after weakening on Friday as soft U.S. economic data added to concerns that the recovery is losing momentum.
EUR/USD was at 1.0869, not far from Friday’s two-week highs of 1.0899.
The dollar weakened after the Commerce Department reported Friday that orders for durable goods, excluding aircraft, fell 0.5% in March, after a downwardly revised 2.2% drop in February.
The headline figure rose 4.0%, beating expectations for a 0.6% gain, but investors focused on underlying weakness in the report.
The data came after recent weak reports on employment, retail sales and industrial production, adding to signs of a slowdown in economic growth since the start of the year.
The disappointing data added to pressure on the dollar which has been hit as investors pushed back expectations on the timing of an initial rate hike by the Federal Reserve.
The euro’s gains were held in check as concerns over Greece’s debt negotiations continued. Euro area finance ministers said Friday that Greece must present a full economic reform plan by early May in order to access any further funding.
USD/JPY edged up to 119.14 from 118.82 late Friday.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last at 97.19, near the three-week low of 96.9 plumbed on Friday.