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The U.S. dollar traded mixed against the most major currencies in the absence of any major U.S. economic reports.
The euro traded higher against the U.S. dollar. Concerns over Greece's debt problems continue to weigh on the euro. Greece is still running out of cash, and it needs a new tranche of loans. The Greek government hopes to unblock a new tranche of loans at the Eurogroup meeting on April 24. Germany's Finance Minister Wolfgang Schäuble said last week that he did not expect that a solution will be found on April 24.
The European Central Bank Governing Council Member Ewald Nowotny said in an interview to CNBC on Monday that he does not expect an agreement between Greece and its creditors will be signed this week. He added that the Greek exit from the Eurozone would not have the same impact on the Eurozone as it would have had two years ago.
The Bundesbank released its monthly report on Monday. The central bank said that strong private consumption will be a driver of the economic growth in Germany. "The exceptionally good environment for consumption, based on the solid state of the labour market and strong growth in real wages point to this development continuing for some time," the Bundesbank noted.
The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.
The New Zealand dollar traded lower against the U.S. dollar. In the overnight trading session, the kiwi traded higher against the greenback despite the weaker-than-expected consumer inflation data from New Zealand. New Zealand's consumer price inflation fell 0.3% in the first quarter, after a 0.2% decline in the fourth quarter.
On a yearly basis, the consumer price index in New Zealand rose 0.1% in the first quarter, after a 0.8% increase in the fourth quarter.
That could mean that the Reserve Bank of New Zealand will leave its interest rate on hold for a longer period.
The Australian dollar declined against the U.S. dollar. In the overnight trading session, the Aussie traded higher against the greenback in the absence of any major economic reports from Australia.
The Japanese yen traded lower against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback in the absence of any major economic reports from Japan.
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