The dollar traded lower against the majors, falling toward the 1.35-level versus the euro and sliding to the 1.02-mark against the Loonie. The global equity bourses were higher at the start of the week as fears over Greece's deficit crisis continued to subside. Crude oil extended gains, trading higher by nearly 3% in the afternoon session to $82.35 per barrel while spot gold was little changed.

US economic reports released earlier today saw the February personal income, personal spending and the personal consumptions expenditures. Personal income in February was flat compared with a 0.1% reading from January while personal spending met consensus estimates at 0.3% versus 0.5% previously. Meanwhile, core PCE was flat on a monthly basis and higher by 1.3% on a yearly basis.

The calendar for Tuesday consists of Canada's industrial product price, raw materials price index, and from the US; the Case-Shiller home price index and the Conference Board's March consumer confidence survey. The January Case-Shiller home price index is seen posting a 0.6% yearly decline compared with a 3.1% drop previously and a 0.2% monthly decline versus a 0.32% increase.

Traders will look ahead to the all-important March jobs report due out on Friday. The non-farm payrolls report is expected to improve dramatically, posting a gain of 190k jobs versus 36k jobs lost previously. The unemployment rate is seen holding steady at 9.7%. Heading into the payrolls report will be the ADP private sector jobs data on Wednesday and on Thursday, the Challenger layoffs and the weekly jobless claims. Given the upbeat market expectations for a rebound in the labor market, the equity indexes are seen extending gains into Friday's report.

Euro Firms

The euro continued to extend gains versus the greenback amid mitigating fears over Greece's sovereign-debt crisis, trading just around the 1.35-mark. The pair will find interim support at 1.3440, followed by 1.34 and 1.3360. Subsequent floors are seen at 1.3330 and 1.33. Gains will target interim resistance at 1.3540, followed by 1.3570 and 1.36. Additional ceilings will emerge at 1.3630, backed by 1.3670 and 1.37