The dollar slipped to just over a cent above this month's record low against the euro on Monday but won a bit of ground versus the yen, with investors focusing on the broadly bearish outlook for the U.S. currency.
The dollar has been under pressure for months from investor concerns that the United States will struggle to attract enough foreign funds to finance a widening current account deficit.
It briefly recovered in mid-December but analysts said there were few signs this pressure would ease soon.
There was no major data scheduled from the United States or Europe on Monday and thin, pre-Christmas liquidity dominated trade.
"There had been some scaling back of short-dollar positions but the euro is still going up which is telling you that non-speculative players are still buying euros," said Paul Mackel, currency strategist at ABN AMRO in London.
At 0855 GMT the dollar traded 0.3 percent weaker on the day at $1.3353 per euro, which compared with a record low of $1.3470.
It was up 0.19 percent at 104.36 yen and the euro was up 0.6 percent against the yen at 139.37.(Reuters)