The euro exchange rate is increasing against the dollar due to improvement of economic statistics in Germany and improvement of the profitability of German bonds.
The euro rose 0.24 % to $ 1.1318 after reports showed unexpectedly rapid growth in industrial production and exports in April in Germany, the largest country of Europe in terms of economy.
The representatives of Greece on Monday discussed with EU Commissioner for Economy, Pierre Moscovici, what reforms should be carried out for Greece to obtain new loans. Athens did not make new proposals that would suit the creditors, the EU official said.
Greek problems can not seriously affect the euro, as the volume of its economy is insignificant on the scale of the euro zone, said on Monday the party to the European Central Bank Governing Council, Christian Noyer.
"Greece accounts approximately 2 % of the eurozone economy, so it is not so important," - he added.
The dollar index against the basket of six major currencies fell by 0.29 % to 95.027, and the dollar – yen currency pair fell 0.09 % to 124.36, from the 13-year high that was marked on Friday.
Major US banks suggest that the Fed will raise interest rates in September and one more time before the end of the year, the Reuters poll showed, conducted after the publication of the report of the Ministry of Labor on employment in the United States.
President Barack Obama has denied a report which said that during the meeting of the "Big Seven", he referred to the strengthening of the dollar as a problem. However, some investors used this message as an excuse to close long positions in the dollar.
"From a political point of view, the adverse effects of the strong dollar is highly undesirable, so the markets react to such comments" - explained a senior economist at Sumitomo Mitsui Trust Bank in Tokyo, Ayako Sera.