The euro bought $1.2637 in morning European trading Tuesday, down from $1.2671 the night before in New York, as the dollar garnered support as a safe haven currency.

The British pound dropped to $1.5435 from $1.5468 on Monday, while the dollar dropped to 84.19 Japanese yen, another currency seen as a safe haven, from 84.68 yen in New York.

Major reports this week include surveys on manufacturing in the US and other major economies Wednesday, a decision on interest rates by the European Central Bank Thursday, a report on US jobs Friday and the release of minutes later Tuesday from this month's Federal Reserve meeting.