The dollar is turning in a mixed performance at the start of the new trading week, but is little changed overall. The U.S. currency is slightly weaker against the Euro, but is holding onto modest gains against the Japanese Yen and the British pound.

There were no U.S. economic reports this morning to drive the direction of trade and there will be few economic reports released this week. Investors can look forward to the release of existing home sales on Wednesday, while weekly jobless claims are slated for Thursday. Friday will see the release of U.S. new home sales.

Investor concerns over Greece continued to ease after banks reopened in the debt ridden country. Banks in Greece partially reopened today after a three-week closure. Capital controls remain in place, but Greeks can now withdraw up to 420 euros a week as opposed to the previous withdrawal limit of 60 euros per day.

European Commission Vice President Valdis Dombrovskis said the 7.16 billion euro bridge-loan approved on Thursday would reach Greece by Monday. It is expected that Greece would use the bridge-loan to repay the bond redemption to the ECB and the two missed loan installments to the International Monetary Fund.

The IMF announced that Greece has repaid the roughly 2 billion euros that it owed. After making this payment, Greece is no longer in arrears to the IMF.

The dollar slipped to a low of $1.0870 against the Euro Monday, but has since bounced back to around $1.0830.

Eurozone current account surplus declined in May largely due to a fall in primary income, the European Central Bank said Monday. The current account surplus fell to a seasonally adjusted EUR 18 billion from EUR 24 billion in April.

Germany’s producer prices declined as expected in June, figures from Destatis showed Monday. Producer prices fell 1.4 percent year-over-year in June, in line with expectations, slightly faster than prior month’s 1.3 percent decline. Producer prices have been falling since August 2013.

The buck dipped to an early low of $1.5627 against the pound sterling Monday, but has since climbed to around $1.5570.

The average asking price for a house in the United Kingdom was up 0.1 percent on month in July, property tracking website Rightmove said on Monday – coming in at 294,542 pounds. That follows the 3.0 percent jump in June, which was a record high for one month.

The greenback broke out to a 1-mont high of Y124.455 against the Japanese Yen this morning, but has since eased back to around Y124.275.

The material has been provided by InstaForex Company – www.instaforex.com