The dollar edged down against other major currencies today as investors awaited US economic indicators later in the day for clues on the pace of future US interest rate rises.
Data on US retail sales in August and the current account balance in the second quarter are due this afternoon.
Worries about recent softness in the US economy and related doubts about whether the Federal Reserve will continue raising rates into next year helped knock the dollar from a one-week high above 110.35 yen hit yesterday.
The dollar hit the one-week high in New York, partly helped by news that a consortium led by Sony had agreed to buy Hollywood film studio Metro-Goldwyn-Mayer for nearly $5 billion.
But it had eased to stand a quarter per cent lower at 109.75 yen by early this morning. The greenback was also slightly weaker on the day against the euro, sterling and Swiss franc and down more than half a per cent against the Australian and New Zealand dollars.
The euro traded at $1.2270, up 0.12 per cent on the day but still some distance from three-week peaks above $1.23 hit late last week.
Germany's ZEW research institute releases its gauge of investors' confidence in September at 9 a.m. The index is seen easing to 45.0 from August's 45.3.