NEW YORK: The dollar paused Monday as some traders took profits following the surge late last week after the US Federal Reserve meeting.
At 2200 GMT, the dollar was essentially flat with the euro and the Swiss franc after retreating earlier in the session against both currencies.
The dollar rose against the Japanese yen and the British pound.
"A light economic data calendar ... made for an opportune time for traders to take some money off of the table following the dollar's continued run higher last week," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange.
The dollar advanced after the Fed left in place market expectations that it may raise interest rates only in the middle of 2015 and not sooner.
While the Fed did not accelerate the timing to raise interest rates, currency traders are betting the US will normalize policy more quickly than its counterparts.
Esiner said the dollar could Tuesday experience a "final burst of activity" before the Christmas holiday due to a trove of US data, including third-quarter economic growth.
"While holiday markets tend to be quiet, the lack of trading volumes can often result in choppy and erratic moves in the very near term," Esiner said.
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