The euro was seen strong on about of short covering by investors when the Euro-zone leaders agreed on a financial safety net for Greece. JP Morgan said in a report: "For the next month, the euro looks to have cleared a breathing space. Greece has secured its backstop from Europe and should proceed with its fiscal program. The skeptics may be right long-term, but for the next month, we suspect the euro will edge higher."
Joseph Capurso, currency strategist at Commonwealth Bank said: "The influential US payrolls report for March is likely to show a steep rise in job creation this week, though it is mainly a ‘snap back’ from the snow-storm-induced fall in February."
The dollar index was down 0.23 percent at 81.48. The yen was steady at 92.44 per dollar.