The dollar remained steady above its all-time euro low but remains firmly on the backfoot as concerns over the US housing sector and the associated exposure in the US banking sector dominates sentiment. Fears about the US banking sector as well as the world economy have been stoked further by yesterday's resignation of Chuck Prince as chairman of Citigroup and the associated 8-11 bln usd writedown. Any assistance that Friday's better than expected US jobs report for October may have afforded the dollar has more or less been offset by the sub-prime related losses and associated writedowns and management changes at major institutions. "A strong payrolls report for October didn't help the dollar as heightened fears of further major credit-related losses by US banks saw traders price in more Fed easing," said NAB Capital strategist John Kyriakopoulos. As well as being near its all-time low against the euro, the dollar is close to a 26-year low against the British pound, despite a soft report into the UK's services sector earlier today. However far today's bounce-back reaches, the dollar remains firmly on the defensive and this week's economic news is unlikely to help, analysts said. "We believe that the dollar will stay weak for now, as investors remain confident that economic prospects are more compelling elsewhere," said Ashley Davies, currency strategist at UBS. Key events this week noted by analysts include comments from Jean-Claude Trichet, the European Central Bank's president, after the central bank's widely tipped decision to keep its benchmark refi rate unchanged at 4.00 pct. Testimony from Ben Bernanke, the US Federal Reserve's chairman, to the Joint Economic Committee on Thursday will also be closely watched, especially after the Fed indicated last week that it is in wait and see mode regarding another interest rate reduction in December. Elsewhere, the pound was under selling pressure after the UK services PMI showed a sharp fall in October, suggesting UK growth is set for a sharper slowdown.