The U.S. dollar climbed Monday against the euro, clawing back ground it lost at the end of last week after the United States reported its second-highest monthly trade deficit ever.
The euro bought US$1.3401 in early European trading, down from US$1.3459 late Friday. The dollar also rose to 104.64 Japanese yen from 103.88 yen.
The British pound dropped to US$1.9173 from US$1.9252.
Last week's trading was marked by worries over the U.S. trade deficit. On Friday, the U.S. Commerce Department reported that the January trade gap was US$58.3 billion (euro43.3 billion) -- 4.5 percent higher than December's and just below November's all-time high of US$59.4 billion.
The January figure, which exceeded economists' expectations, underlined lingering worries over the U.S. trade and budget deficits that propelled the euro from about US$1.20 last September to an all-time high of US$1.3667 at the end of December.
In Asia Monday, the dollar rebounded against the yen after falling in early trading.
The fall was triggered by revised Japanese government data that showed the economy had grown slightly in the October-December quarter, rather than contracted as it had said initially. However, markets decided later that a breakdown of the data supported worries about the health of the Japanese economy.