The dollar was generally stronger against other major currencies Monday in New York. The buck edged up against euro and the pound, while cooling off of its recent rally against the Japanese yen.

With no significant data on tap for Monday in the U.S., economic news from overseas garnered extra attention from traders. Investors digested data indicative of deflation in the Eurozone, while figures from the U.K. auto sector continued to disappoint.

The dollar moved higher against the euro in late morning New York, further dampening the Eurozone currency's advance in previous days. At about 11 a.m. ET, the euro slipped to a level of 1.3412 compared to midnight's level of 1.3570. After reaching a multi-week high of 1.3737 against the buck in mid-March, the pair has traded in a range for the past two weeks.

Producer prices in the euro area showed the biggest annual decline in 10 years, signaling risk of deflation in the economy. At the same time, retail sales registered a record fall in February as rising unemployment impaired consumer spending.

Eurozone data showed that producer prices fell 1.8 percent in February versus January's 0.7 percent drop. Economists had expected a 1.5 percent decline. Industrial producer prices slid 0.5 percent month-on-month in February, following a 1.1 percent decline in January.

Meanwhile, retail sales in the 16-nation bloc slipped by a record 4 percent in February on a yearly basis. Sales volume fell 0.6 percent in February compared to the previous month. Economists were expecting retail sales to drop just 0.4 percent in February after rising 0.1 percent in January.

Meanwhile, the dollar regained some ground against the sterling after posting a five day losing streak last week. The pound recorded a level of 1.4756 in the late morning and moved away from a multi-week low of 1.4958, posted earlier in the day.

With car sales on the decline in recent months, new vehicle registrations in the UK plunged 30.5 percent in March to 313,912 units, the Society of Motor Manufacturers and Traders or SMMT revealed.

Meanwhile, against the yen, the dollar backed off of a multi-month high of 101.44 posted earlier this morning, but remained above the 100 mark. Moving into the early afternoon, the buck is sitting at 100.71. Late last week, the greenback was able to crack the psychologically important 100 mark after testing the figure numerous times in the past five weeks. With the advance the dollar posted its highest level since early November.

Recently, the Japanese currency has struggled as the government announced details of a third stimulus package for the export giant.

Japan's Finance Minister Kaoru Yosano told reporters after meeting with Prime Minister Taro Aso that the government intends to compile a new stimulus package worth 2% or more of gross domestic product. Accordingly, new fiscal spending would exceed 10 trillion yen. Details of the third package are likely to be finalized by April 10.

Elsewhere, a report from Japan's Economic and Social Research Institute showed that the leading index decreased to 75.2 in February from 77.2 in the previous month. Economists expected the indicator to come in at 75.3. At the same time, the coincident index declined to 86.8 from 89.5 in January.

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