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Forex - Dollar broadly higher vs. rivals amid Greek debt concerns

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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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