2014.04.2106:00:00UTC+00U.S. Dollar Declines Against Majors

The U.S. dollar slipped against other major currencies in early European deals on Monday.

Trading volume was light as docket in the European session is empty and as several markets remained shut on account of holiday.

The U.S. data on housing, manufacturing activity and weekly jobless claims due this week would provide more clues strength of the economy.

The U.S. leading indicators data is to be released at 10:00 am ET. The index is seen at 0.7 percent, versus last month's 0.5 percent increase.

The greenback that ended last week's deals at 0.8826 against the franc slipped to a 4-day low of 0.8819. The greenback is likely to face support around the 0.875 zone.

The greenback declined to a 4-day low of 1.3826 against the euro, down by 0.2 percent from Friday's closing value of 1.3805. If the greenback extends slide, 1.39 is seen as the next downside target level.

The greenback dropped to 1.6815 against the pound, its lowest since April 17, when it reached a 4-1/2-year low. The next possible downside target for the greenback lies around the 1.69 area.

The greenback stablised against the yen with pair trading around 102.52, off an early near 2-week high of 102.69. At last week's close, the pair was worth 102.37.

Wider-than-expected Japan's trade deficit pressured the yen in early Asian deals.

The data from the Ministry of Finance showed that Japan posted a trade deficit of 1.45 trillion yen in March, wider than forecasts for 1.08 trillion yen shortfall. In the previous month, the trade deficit was 802.5 billion yen.