The results of the manufacturing survey of the Institute for Supply Management for January are due out at 10 am ET Monday. At the same time, the U.S. Commerce Department's construction spending report for December is set to be released.
Ahead of the reports, the U.S. dollar showed downtrend against European major currencies. Against the Japanese yen, the dollar recovered its recent losses. At 9:55 am ET , the U.S. dollar traded at 90.40 against the yen, 1.0580 against the Swiss franc, 1.3925 against the euro and 1.5932 against the pound.
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