(RTTNews) - The dollar leveled off versus its European rivals Monday morning, giving back some of its strong gains from late last week. While there was little first-tier economic news from around the globe today, the health of the U.S. economy will be focus in the coming days. The Commerce Department's retail sales report for May, the Commerce Department's housing starts report and the Reuters/University of Michigan's preliminary consumer sentiment index for June are due out over the course of the week. The dollar eased to $1.4380 from a ten-day high near $1.4320 against the euro, even as the Greek debt crisis remained unresolved. The euro will remain stable even in the case of a default by Greece, European Central Bank governing council member Jens Weidmann said Monday. If Greece fails to meet the commitments, there is no basis for further funding. In that case, the country has to face the dramatic economic consequences of a default. According to Weidmann, even in this case, euro will remain stable. This past weekend, Eurogroup chairman Jean-Claude Juncker said that Greece requires a "soft, voluntary restructuring" of its sovereign debt.

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