(RTTNews) - The dollar saw little movement versus other major currencies Monday morning, as traders looked ahead to the final week of the tumultuous year. With little economic data on tap during the abbreviated week, trading in currencies is expected to remain relatively subdued. December was a solid month for the dollar, which rose across the board on speculation that the interest rate gap between the US and EU would narrow as the American economic recovery gathered steam early in 2010. For much of the year the dollar was out of favor, as conventional wisdom held the Federal Reserve would be among the last central banks to unwind unprecedented support measures. However, debt problems in Europe and dovish rhetoric from Japanese officials have helped the dollar rebound from a yearly low versus euro and 1995 low against the yen. The buck drifted slightly lower to 1.4400 versus the euro Monday morning, giving back its modest overnight gains. Still, the buck was more than 2 cents from last week's 3-month high near 1.4200. Members of the Eurozone must reduce their budget deficits by 2011 at the latest in order to maintain confidence in public finances, European Central Bank President Jean-Claude Trichet told German newspaper Bild am Sonntag on Sunday The dollar barely budged near 91.50 yen, having peaked at a 2-month high of 91.86 last week. Versus the sterling, the dollar was at 1.5975, hovering near last week's 2-month high of 1.5920. UK house prices are set to decline next year amid fears of rising unemployment, property web site Hometrack said Monday. House prices edged up 0.1% in December from a month earlier, slightly down from the 0.2% growth seen in the preceding two months. Looking ahead, the results of the S&P Case-Shiller's house price survey may generate some interest later in the week. Additionally, the Conference Board's consumer confidence index for December is also likely to be in the spotlight, given the significance, consumer confidence has got for consumer spending.

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