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 $1.3404 in European trading, down from $1.3455 late Friday. The dollar also rose to 104.81 Japanese yen from 103.81 yen.
The British pound dropped to $1.9185 from $1.9264.
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 $58.3 billion -- 4.5 percent higher than December's and just below November's all-time high of $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 $1.20 last September to an all-time high of $1.3667 at the end of December.
In Asia Monday, the dollar rebounded against the yen after falling in early trading.
The drop 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.