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The U.S. dollar traded lower against its major counterparts in early European deals on Monday.

The greenback declined to near a 4-week low of 111.70 against the yen, from a high of 112.24 touched at 7:15 pm ET.

The greenback dropped to 0.9895 against the franc, 1.1575 against the euro and 1.3130 against the pound, coming off from its early highs of 0.9921 and 1.1540, and a 6-day high of 1.3083, respectively.

The greenback slipped to 0.7130 against the aussie and 0.6523 against the kiwi, reversing from its early 4-day highs of 0.7099 and 0.6494, respectively.

If the greenback drops further, it may find support around 110.00 against the yen, 0.97 against the franc, 1.17 against the euro, 1.33 against the pound, 0.73 against the aussie and 0.67 against the kiwi.