Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday, as worries about the risk of a debt restructuring by Greece continue to weigh on market sentiment.
During European morning trade, the greenback was up against the euro, with EUR/USD sliding 0.20% to hit 1.4292.
Later in the week, the International Monetary Fund, the European Union and the European Central Bank were expected to deliver a report on Greece’s progress on meeting fiscal targets under its bailout plan.
The greenback was also higher against the pound, with GBP/USD shedding 0.21% to hit 1.6469.
In addition, the greenback was up against the yen and the Swiss franc with USD/JPY easing up 0.06% to hit 80.84 and USD/CHF rising 0.25% to hit 0.8513.
Meanwhile, the greenback was lower against its Canadian counterpart but higher against its Australian and New Zealand cousins, with USD/CAD dipping 0.04% to hit 0.9756, AUD/USD sliding 0.05% to hit 1.0699 and NZD/USD slipping 0.14% to hit 0.8178.
Earlier in the day, official data showed that New Zealand’s trade surplus widened twice as much as economists expected to a record in April.
Meanwhile, Australia’s Treasurer said that a government report on gross domestic product due out later in the week would show that natural disasters cut more than 1.0% from growth in the first quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.02%.
Liquidity was relatively thin as U.K. markets remained closed for the Spring Bank Holiday, while U.S. markets were to stay closed for Memorial Day.
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