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The euro dipped on Monday and investors covering short positions in the dollar following a slide in the U.S. currency late last week.
But the euro still holds higher after Friday's gain, when it climbed more than 1% against the greenback.
The euro was supported after Greek central bank chief George Provopoulos was quoted as saying on Friday that the country will repay its debts in full without restructuring if it sticks to a fiscal austerity plan.
"The speed of the dollar's decline on Friday was quite extraordinary, so investors are now buying the currency back," said Sumino Kamei, senior currency analyst at Bank of Tokyo-Mitsubishi UFJ.
"With both the UK and the U.S. markets closed on Monday, we're not expecting any rapid moves, but the market will be paying close attention to any possible remarks regarding the state of European finances and may act quite quickly on such remarks," Kamei added.
In a sign of the recent weakness of the U.S. dollar, the New Zealand dollar hit a 26-year high on Monday.
kiwi was supported by New Zealand's data that showed the country has recorded its biggest monthly trade surplus on the back of higher prices for dairy products. The trade suplus came at NZ$1.11bn ($908m) in April and was nearly double economists’ forecasts.
Among the figures from Canada investors may digest GDP and Trdae Balance data at 12:30 GMT.
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