Investing.com - The dollar held gains against a basket of other major currencies in subdued trade on Monday, as the greenback recovered from the previous week's disappointing U.S. data and as trading volumes were expected to remain light with no major U.S. data to be released.
Sentiment on the dollar remained vulnerable after a recent run of soft economic data saw investors push back expectations for higher U.S. interest rates.
Markets shrugged off data on Friday showing that U.S. consumer prices were higher for a second successive month in March.
The consumer price index edged up 0.2% last month, matching a similar gain in February. On a year-over-year basis, consumer prices dipped 0.1% in March after remaining flat in February.
Core consumer prices, which exclude food and energy costs increased 0.2% in March for an annual increase of 1.8%, the largest since October.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.39% to 98.00.
EUR/USD dropped 0.48% to 1.0756.
The single currency remained under pressure amid concerns that Athens is no closer to reaching an agreement on economic reforms for baiout funds with its creditors, fuelling fears that Greece could be forced out of the euro zone.
The pound was also lower, with GBP/USD down 0.31% to 1.4912.
Elsewhere, the dollar was higher against the yen and the Swiss franc, with USD/JPY up 0.3% to 119.30 and with USD/CHF adding 0.20% to 0.9536.
The Australian and New Zealand dollars pushed lower, with AUD/USD sliding 0.71% to 0.7730 and NZD/USD shedding 0.26% to 0.7667.
Meanwhile, USD/CAD declined 0.47% to trade at 1.2190.