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The dollar remained in neutral amid Monday's lack of first-tier economic news, failing to extend its strong recent gains.
Still, its been a fantastic few months for those taking long positions in the dollar, which has been bolstered by speculation the US economic recovery is truly taking hold.
Improvements in housing and manufacturing as well as signs of stabilization on the jobs front has led some to believe the Federal Reserve will unwind its supportive measures by the end of the year.
Across the Atlantic, the outlook is far less rosy. Debt problems for Greece and others, along with sluggish EU economic growth, have crippled the euro of late, particularly against its US counterpart.
The dollar held near 1.3590 versus the euro, staying within hailing distance of Friday's 9-month high of 1.3444. Against the sterling, the dollar was steady near 1.5500, having touched a 9-month high of 1.5342 late last week.
Meanwhile, the buck lost a bit of ground versus the yen, easing to 91.10 from a monthly high above 92.
On the flip side, the buck pared some of its recent losses versus the loonie, staying above C$1.04.
Later this week, the markets will be treated to preliminary fourth quarter growth figures, as well as data on housing and employment.
Traders will focus on Fed Chairman Ben Bernanke's appearance before the House Financial Services Committee on Wednesday. He is expected to testify on the Fed's exit strategy from programs designed to prop up the economy during the worst of the economic meltdown.
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