Forex Pros – The U.S. dollar was up against most of the other major currencies on Monday, amid subdued trade as markets in the U.S. were closed for the Independence Day bank holiday. During European morning trade, the greenback was up against the euro, with EUR/USD slipping 0.35% to hit 1.2521. Earlier in the day, data showed that the euro zone's services sector expanded in June while a seperate report showed that retail sales in the euro zone rose more than expected in June. The greenback was also up against the Swiss franc and the pound, with USD/CHF rising 0.06% to hit 1.0633 and GBP/USD falling 0.45% to hit 1.5134. Earlier Monday, official data showed that Swiss retail sales rose more than expected in May but the service sector in the U.K. lost momentum in June as buisness activity fell to its lowest level in ten months. The greenback was also up against the yen, with USD/JPY rising 0.05% to hit 87.73. Meanwhile, the greenback was up against its Australian and Canadian counterparts, with AUD/USD shedding 0.38% to hit 0.8385 and USD/CAD rising 0.31% to hit 1.0658. But the greenback was down against the New Zealand dollar, with NZD/USD advancing 0.05% to hit 0.6884. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16%.

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