The U.S. dollar strengthened against the other major currencies in the early European session on Monday amid risk aversion, as investor sentiment dampened after Greece failed to resolve impasse with its European partners at the April 24 gathering in Riga, Latvia.

The U.K.'s FTSE 100 index is currently down 0.15 percent or 10.81 points at 7,042, France's CAC 40 index is down 0.96 percent or 50.00 points at 5,151, and Germany's DAX is down 0.22 percent or 26.39 points at 11,784.

Eurozone finance ministers refused to give any more aid to Greece until it agrees economic reform plan at the meeting, renewing worries that Greece may default on its debt obligations Traders also look forward to the outcome of central bank meetings this week in the U.S. and Japan and a slew of U.S. reports on first-quarter GDP, consumer confidence, personal income and spending, and manufacturing activity for further clues to the global economic outlook and the Federal Reserve's thinking about the direction of interest rates.

At the March FOMC meeting, policymakers found themselves at crossroads on the appropriate timing of the first change in interest rates since the financial crisis.

In the Asian trading, the U.S. dollar held steady against its major rivals.

In the early European trading, the U.S. dollar rose to 4-day highs of 0.9582 against the Swiss franc and 1.2194 against the Canadian dollar, from early lows of 0.9526 and 1.2148, respectively. If the greenback extends its uptrend, it is likely to find resistance around 0.99 against the franc and 1.25 against the loonie.

Moving away from an early near 2-month low of 1.5188 against the pound, a 1-week low of 119.06 against the yen and a 4-day low of 0.7636 against the NZ dollar, the greenback advanced to 1.5129, 119.27 and 0.7591, respectively. On the upside, 1.46 against the pound, 120.50 against the yen and 0.73 against the kiwi are seen as the next resistance levels for the greenback.

Against the euro and the Australian dollar, the greenback edged up to 1.0824 and 0.7791 from early lows of 1.0885 and 0.7836, respectively. The greenback may test resistance near 1.05 against the euro and 0.76 against the aussie.

Looking ahead, Markit's flash U.S. PMI for March is slated for release in the New York session.

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