The euro was slightly higher against the dollar on Monday as investors looked past a drop in a German consumer confidence indicator and prepared for corporate earnings reports.
The 16-nation euro bought $1.5035 compared with $1.5026 late Friday in New York.
The British pound fell to $1.6289 from $1.6347 after official data on Friday unexpectedly showed the U.K. economy shrank 0.4 percent in the third quarter. Economists had mostly expected slight growth.
The dollar fell to 91.72 Japanese yen from 91.87.
The euro "is holding (against the dollar) above the $1.50 level, despite a downturn in German consumer confidence having been reported this morning for the first time in over a year," David Jones, an analyst at IG Index said.
German consumer confidence dipped slightly in November, as more Germans worried that unemployment may grow in coming months, the GfK forward-looking survey said Monday.
Investors, who tend to buy the dollar as a safe haven, are preparing for a busy week of European earnings reports and expectations are high after U.S. companies have largely beat expectations.
Jones said last Friday's news that the U.K. had failed to come out of recession in the third quarter hammered the pound against the dollar.
"There have been some attempts since to start buying in (the pound) at these lower levels; rallies are yet to be sustained," he said.
