In Asian trading on Monday, EUR/USD was up 0.16% at 1.3044.
U.S. existing home sales fell in September albeit in line with expectations, industry data revealed on Friday.
In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.
Analysts had expected existing home sales to fall to 4.75 million last month.
While in line with expectations, the report stoked sent investors chasing the dollar, ditching stocks and higher-yielding currencies in the process until the market felt the greenback rally was due for a breather.
Earnings fueled dollar demand even more last week.
Microsoft reported last week that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.
General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.
Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.
The company reported revenue of USD14.10 billion, up 45% on year, though net income came to USD2.18 billion, down 20% on year and below expectations.
Fast-food giant McDonald's quarterly earnings fell 3.3% to USD1.46 billion, while revenue was basically flat at USD7.2 billion.
Investors, however, sold off dollar positions for profits early Monday.
The greenback, meanwhile, was down against the pound, with GBP/USD trading up 0.04% at 1.6012.
Soft Japanese trade data moved the greenback down as well.
In a report, the Ministry of Finance said that the country’s trade balance fell to a seasonally adjusted -0.98T, from -0.46T in the preceding month whose figure was revised up from -0.47T.
Analysts had expected the trade balance to fall -0.74T last month.
The news sent investors selling Japanese stocks and stocking up on yen early in the session.
The dollar was down against the yen, with USD/JPY trading down 0.03% at 79.30 and down against the Swiss franc, with USD/CHF trading down 0.17% at 0.9272.
The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD trading down 0.01% at 0.9936, AUD/USD down 0.12% at 1.0320 and NZD/USD trading up 0.18% at 0.8174.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.13% at 79.62.
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