The U.S. dollar drifted lower against European major counterparts in Europe on Monday.

The greenback slipped to an 8-1/2-month low of 1.1501 against the euro and near a 3-week low of 0.9563 against the franc, from its early highs of 1.1448 and 0.9605, respectively.

The greenback dropped to 1.4696 against the pound, lowest since January 5, from its previous high of 1.4581.

The greenback may find support around 1.16 against the euro, 0.94 against the franc and 1.48 against the pound.

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