Investing.com - The dollar was steady close to eight-month lows against the euro on Monday amid expectations that the Federal Reserve will delay tapering its stimulus program following the recent U.S. government shutdown. EUR/USD hit 1.3688 during late Asian trade, the session high; the pair subsequently consolidated at 1.3683, dipping 0.01%. The pair was likely to find support at 1.3630 and near-term resistance at 1.3703, Friday’s high and an eight-month high. The dollar remained under pressure as concerns over the impact of the 16-day shutdown on the U.S. economic recovery fuelled expectations that the Fed would delay plans for rolling back its asset purchase program until at least the beginning of next year. Investors were awaiting U.S. data releases later in the week after the shutdown delayed the release of some key economic reports. The September nonfarm payrolls report, which had been originally scheduled for release on October 4, was due on Tuesday. Elsewhere, the euro was little changed against the pound, with EUR/GBP dipping 0.04% to 0.8460 and was higher against the yen, with EUR/JPY rising 0.32% to 134.23. In Japan, data released on Monday showed that the country posted a trade deficit of JPY932.1 billion in September, as the weaker yen drove up import prices. It was the 15th consecutive monthly deficit, the longest run on record.

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