Investing.com - The dollar pulled away from two-month highs against the yen on Monday and slid lower against the euro amid heightened expectations that the Federal Reserve will keep its stimulus program in place for longer.
During European morning trade, USD/JPY was down 0.35% to 99.82, retreating from the two-month highs of 100.42 struck on Friday.
The dollar slid after comments by Fed Chairwoman nominee Janet Yellen last week were seen as reiterating the need for continued stimulus to ensure a robust economic recovery.
Investors were turning their attention to the minutes of the Fed's October meeting, as well as a speech by Fed Chairman Ben Bernanke on Wednesday for further indications on the future course of U.S. monetary policy.
Elsewhere, the euro rose to more than one-week highs against the dollar, with EUR/USD edging up 0.13% to 1.3513 from Friday's close of 1.3495.
The dollar was trading at three-week lows against the pound, with GBP/USD edging up 0.07% to 1.6131.
In the U.K., a report by property website Rightmove showed that house prices fell 2.4% in November, but remained 4% higher on a year-over-year basis.
The dollar was lower against the Swiss franc, with USD/CHF down 0.26% to 0.9123.
The greenback was broadly weaker against the Australian, New Zealand and Canadian dollars, with AUD/USD rising 0.41% to 0.9409, NZD/USD climbing 0.59% to trade at 0.8382 and USD/CAD sliding 0.17% to 1.0419.
The growth linked dollars were boosted after China outlined a series of broad economic reforms late Friday, bolstering the outlook for the development of the world's second largest economy.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.18% to 80.73.
