The greenback plunged on Monday on anticipation of the Federal Reserve Chair Jerome Powell testimony to U.S. Congress that raises concerns among the investors.

The dollar index that gauges the greenback versus its major pairs, slipped by 0.1% at 104.403, which experienced earlier a weekly loss since the beginning of the year.

January’s retail sales for the Eurozone are scheduled for release later in the day and are anticipated to show increase of 1.0% on the month, a better result than the 2.7% decline the previous month.

EUR/USD soared by 0.2% to 1.0653 post surging by 0.8% the previous week when Christine Lagarde president of the ECB, suggested that interest rate hike may need to extend beyond March.

GBP/USD ticked down to 1.2037.

USD/JPY dipped by 0.1% to 135.69, before the upcoming BOJ meeting next Thursday, as it is largely projected that the bank will maintain interest rates at historic lows.