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The dollar was little changed versus other major currencies Monday morning in New York, holding onto most of its strong recent gains versus the struggling euro.
The buck hit new 9-month highs last week amid speculation the Federal Reserve may be getting set to tighten monetary policy following a surprise move to raise the discount lending rate to banks.
With Europe mired in debt problems and experience sluggish growth, the dollar has surged over the past few months.
The buck was at 1.3590 versus the euro this morning, having touched as high as 1.3440 last week.
Against the sterling, the dollar was steady at 1.5456, pulling back a penny from Friday's highest mark since last May.
At the same time, the dollar drifted slightly lower versus the yen, easing to 91.20 from a monthly high above 92.
With no major economic data on tap for the day, traders will focus on Fed Chairman Ben Bernanke's appearance before the House Financial Services Committee.
Later this week, the markets will be treated to preliminary fourth quarter growth figures, as well as data on housing and employment.
In economic news from overseas, Greece will meet its very ambitious deficit-reduction goals and the country's government is prepared to take additional measures, Greek central bank governor George Provopoulos said in an interview with Bloomberg.
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