On Tuesday, the dollar rose against the basket of major currencies, but the growth is expected to remain limited, as sentiment on the dollar remains volatile after comments from US President - Barack Obama.
Sentiment on the dollar remains fragile amid rumors on Monday that on the G7 summit in Germany, Obama said that a strong dollar is "a problem."
The dollar strengthened its position after the release on Friday of a positive report on the number of jobs in the United States, strengthening the expectations that the Federal Reserve will begin to raise interest rates this year.
The USD index, showing the position against the basket of major currencies, went up 0.11% to 95.32.
The EUR/USD fell 0.27% to 1.1260, as investors also remain cautious after, on Monday, the German Chancellor, Angela Merkel, warned that "there is not so much time" to reach an agreement on the reforms, needed for Greece to obtain most of the financial assistance.
In Athens on Friday postponed the payment of debt to the International Monetary Fund, requesting to merge four of the June payments in one, that Greece plans to pay at the end of the month.
Athens submitted new proposals for economic reforms to the European Commission, reviving hopes for a breakthrough that will help the country to unlock additional funds before it runs out of money.
Greek Prime Minister, Alexis Tsipras, said the two sides could reach an agreement if the creditors of Greece refused the requirements to reduce pensions and other proposals that will lead Greece even deeper into recession.
Also on Tuesday, data showed that eurozone GDP in the first three months of the year rose 0.4%. Yet the Greek economy in the third quarter showed a decline of 0.2%, sending the country into a recession.
The pound was also down, the pair GBP/USD fell 0.32% to 1.5300 after the Office for National Statistics reported that the trade deficit narrowed in April to 1.2 billion pounds, the lowest level since March 2014, with the revised 3.1 billion in the previous month.
The pound also remained under pressure as fears over a possible withdrawal of Great Britain from the European Union are putting pressure on the eve of a referendum on EU membership, which will be held before the end of 2017.
USD/JPY has dropped 0.37% to 124.03, falling from a 13-year high of 125.84 from Friday, while the pair USD/CHF rose 0.10% to 0.9284.
The Dollars of Australia and New Zealand showed a decline, the pair AUD/USD fell 0.31% to 0.7679 and the pair NZD/USD fell 0.16% to 0.7133.
Meanwhile, the pair USD/CAD fell 0.12% to 1.2394.