Dollar struggles near 2-week lows; stocks steady

The dollar hovered near a two-week low against a basket of currencies on Monday and Asian stocks were pinned in tight trading ranges as weak U.S. economic data and fears of a Greek debt default kept many investors on the sidelines.

 European stocks were also set to dip, tracking weakness in Asia, but trading was expected to be thin with holidays in the United States and the UK.

 European Union and IMF officials are likely to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control.

 Compounding euro zone debt woes, a government minister in Ireland said it may have to ask for another loan from the EU and IMF because it will struggle to return to debt markets to raise funds next year.

 The euro fell to $1.4263 , having pulled back from resistance near $1.4327, its 55-day moving average.

 The single currency, which has bounced off of a two-month low of $1.3968 hit a week ago on trading platform EBS, also faces resistance near $1.4369, the top of the cloud on the daily Ichimoku chart, a technical analysis tool popular among traders.

 Against a basket of currencies , the dollar was trading near the 75 line, just shy of a two-week trough hit in the previous session. more