The dollar was higher against the euro and lower against the yen early Monday, ahead of the midmorning release of existing home sales data for March. The euro was pressured by news from Germany that the closely-watched Ifo survey of business sentiment in April registered its lowest reading since September, 2003. The yen was benefiting by proxy from continuing talk about the possibility of China loosening the yuan's peg to the dollar. In early trades the euro was down 0.7% at $1.2958 while the dollar was down 0.1% at 105.86 yen.