Forex Pros –The U.S. dollar was mixed against its major counterparts on Monday, as the euro came under pressure following a warning by ratings agency Standard and Poor’s on a proposal to rollover Greek debt.
During European morning trade, the greenback was slightly lower against the euro, with EUR/USD inching up 0.02% to hit 1.4524.
Earlier Monday, S&P’s said a plan proposed by French lenders to rollover Greece’s sovereign debt may place the country in “selective default.”
The greenback was also lower against the pound, with GBP/USD gaining 0.29% to hit 1.6119.
Earlier, official data showed that construction sector activity in the U.K. declined in line with expectations in June.
Elsewhere, the greenback was down against the yen but up against the Swiss franc, with USD/JPY shedding 0.29% to hit 80.59 and USD/CHF easing up 0.10% to hit 0.8488.
Official data released earlier showed that Swiss retail sales declined sharply in May.
Meanwhile, the greenback was up against its Canadian and Australian counterparts but lower against its New Zealand cousin, with USD/CAD rising 0.14% to hit 0.9598, AUD/USD slipping 0.25% to hit 1.0739 and NZD/USD climbing 0.31% to hit 0.8297.
Earlier in the day, Australian government data showed that retail sales fell unexpectedly last month, while building approvals fell more-than-expected in May, reinforcing expectations that the Reserve Bank will keep interest rates on hold at its policy meeting on Tuesday.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.05%.
Also Monday, markets in the U.S. were to remain closed for Independence Day.
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