The U.S. dollar was lower against some of major counterparts in the European session on Monday.

Investors eye a slew of U.S. economic data this week, including the Fed's preferred gauge of inflation on Thursday for further clues on the prospects of early rate cuts.

A string of speeches by Federal Reserve officials this week may provide additional clarity on the timing and pace of rate cuts.

The greenback touched 1.0859 against the euro, setting a 4-day low.

The greenback reached as low as 1.2699 against the pound.

The greenback eased to 1.3500 against the loonie, from an early 5-day high of 1.3528.

The greenback is seen finding support around 1.10 against the euro, 1.28 against the pound and 1.34 against the loonie.

Grafico Cross Euro vs US Dollar (FX:EURUSD)

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Grafico Cross Euro vs US Dollar (FX:EURUSD)

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