The euro remained near a 2-1/2-month low on Monday on rising expectations that eurozone economic worries will push the European Central Bank to cut interest rates sooner than previously anticipated. The euro hit a session low of $1.2980, not far from a 2-1/2-month low of $1.2965 struck on Friday, after the euro zone Sentix data was released. The single currency was last down 0.3 percent on the day at $1.2989. The euro was also lower against the yen at 121.23 yen, a drop of 0.5 percent.
The Australian dollar fell to a near eight-month low of $1.0113 and was last down 0.4 percent on the day at $1.0162. The dollar was down 0.3 percent against the yen at 93.30 yen with the session low at 93.15.