The U.S. dollar weakened slightly against major currencies on Monday. The euro/dollar rate fluctuated at low levels over concerns about Italy's election and gloomy economic outlook in the eurozone.[Businesses Registration]

The euro hit a more-than-2-year low against the dollar last Friday due to negative economic data. Although it was able to make small gains on Monday, the 17-nation shared currency is still under great pressure.

As Italy is likely to need a second round of election, analysts speculated that the political gridlock may slowdown the country's economic reforms, which is necessary for it to deal with debt problem and resume growth.

Moreover, economic growth data from the eurozone will be released on Wednesday, and the euro may drop further if the results fail to meet forecasts. The European Central Bank will hold its policy meeting on Thursday and investors were paying great attention to its decision on interest rate.

[Hong Kong Company Formation & Registration]Meanwhile, investors were awaiting U.S. job data for February due to be released on Friday as well as announcements following Bank of Japan's policy meeting this week.

In late New York trading, the euro rose moderately to 1.3024 dollars from 1.3018 dollars of the previous session and the British pound climbed to 1.5112 from 1.5019 dollars.

The dollar edged down to 0.9411 Swiss francs from 0.9438 and dropped to 1.0279 Canadian dollars from 1.0286.[company registration in Hong Kong, Hong Kong company incorporation] The dollar bought 93.44 Japanese yen, lower than 93.62 in the previous session.