Dollar Slips Versus Euro, Yen; Gains On Pound []

The U.S. dollar generally lost ground in New York's trading on Monday. The buck slid against the euro and yen during the session. Meanwhile, the greenback gained on the pound. The day's trading came amid little economic news from the U.S.

The dollar slid in trading against the euro on Monday. The slide came as the U.S. economy saw fears over the sub-prime mortgage market continue. The buck saw a daily high of 1.3112 shortly after midnight in New York. The buck slid from there, reaching 1.3201 shortly before 2:00 pm ET, a weekly low. By 4:00 pm ET, the pair traded at 1.3192. The dollar slid in trading versus the yen during Monday morning in New York settled into sideways movement in the afternoon. The dollar touched its highest level since the end of January in trading with the yen when it touched 118.49 at 2:30 am ET. The buck slid soon after, falling to a daily low of 117.22 at 8:45 am ET. The greenback rose slightly and moved sideways entering the afternoon. By 4:00 pm ET, the pair traded around 117.64.

The dollar rose in trading versus the British pound on Monday in New York. The buck touched a 10-day low of 1.9434 at 5:00 am ET. The greenback rose from there, reaching a weekly high of 1.9252 shortly after 8:15 am ET. The pair were range bound heading into the afternoon. By 4:00 pm ET, the dollar traded at 1.9324 against the sterling.