A number of reports due out this week may impact upon the US currency as it continues to trade just below an all-time low against the euro.

Recent reports have highlighted the nation's declining fundamentals throughout quarter one while the economy was shown to be expanding at its slowest pace in four years.

April data from Chicago PMI is expected to show a slowdown in manufacturing following on from the announcement that the US' gross domestic product had hit a lower than expected 1.3 per cent.

Meanwhile, information regarding personal income and spending is due to be issued later today, while Thursday will see the release of first quarter productivity data.

Towards the end of the week a jobs report is set to be released while March factory orders information should be out by Wednesday.

Earlier this morning, the euro reached $1.3630 while the dollar was down to 119.515 yen.