Dollar falls against rivals
Greenback continues broad softness, as investors remain concerned over Fed's loose monetary policy.
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| Click the chart to view other FX rates. |
NEW YORK (CNNMoney.com) -- Currency investors continue to remain concerned that the U.S. Federal Reserve will hold rates near zero and that the dollar could lose its place as the world's dominant reserve currency.
The buck edged down 0.3% against the euro, to $1.4942. The greenback also slipped against the Japanese yen, buying ¥90.60. Both currencies are considered safe havens.
After posting an early gain Monday as the British currency took several hits over the weekend, the dollar ultimately fell against the British pound to $1.6402.
It was a tough weekend for the British pound. On Sunday, Bank of England monetary policy committee member Adam Posen told the Sunday Times newspaper that the central bank should continue buying assets in its quantitative easing program because the financial system has yet to fully recover.
The British currency also suffered on comments from the Ernst and Young Item Club, a group of economists who said Saturday the pound could fall until 2014. 
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