(RTTNews) - The dollar was struggling on Monday after steep losses in the previous week, hurt by concerns that the U.S. economy has entered another soft patch.
Stung by Friday's dismal jobs report and a recent series of data showing manufacturing has tailed off, the dollar dropped to its lowest in more than a month versus the euro.
The dollar slumped to $1.4657 overnight as investors kept an eye on Greece, where voters are outraged about the latest austerity measures designed to attract aid from neighbors and the International Monetary Fund.
Meanwhile, the dollar dropped to a monthly low against the yen, slipping to Y80.65. Traders looking for a safe haven also kept the dollar near Friday's record low of CH 0.8327 versus the Swiss franc.
With no first-tier economic data on tap from the U.S., attention was on the euro zone for the release of key inflation figures.
Euro area producer price inflation eased slightly in April, data from Eurostat showed. The total industry producer prices on the domestic market excluding construction rose 6.7 percent year-on-year in April, slower than March's revised 6.8 percent increase.
Investor confidence in eurozone declined for the third consecutive month in June. The Sentix investor sentiment index, an indicator of confidence around 900 investors, decreased to 3.5 from 10.9 points in May. Economists were expecting a reading of 9.2 points.
At 3:45 pm ET, Federal Reserve Chairman Ben Bernanke is scheduled to speak to the International Monetary Conference in Atlanta. Additionally, Dallas Federal Reserve President Richard Fisher will speak at a Market News International seminar in New York at 5:30 pm ET.
