The US dollar lost ground against its major rivals in early European deals on Monday.

The greenback is presently quoted at 1.2429 against the euro and 0.9665 against the Swiss franc, down from Asian session highs of 1.2387 and 0.9699, respectively.

The US currency also slipped to 1.5386 against the pound and 78.05 against the yen, down from previous session's highs of 1.5345 and 78.46, respectively.

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