The dollar was weaker across the board, trading near the 1.36-mark versus the euro and dipping near the parity-mark against the Canadian dollar. The US equity indexes traded flat on the session while crude oil extended its slump to trade below the $84-per barrel mark. Crude remains under pressure with traders looking ahead to Wednesday's inventory data.

US trade deficit figures released earlier in the morning were slightly worst than expected, burgeoning to $39.7 billion in February from a downwardly revised $36.95 a month earlier. Both import and export prices were higher by 0.7%. The calendar picks up on the Wednesday session, consisting of March CPI, retail sales, real earnings and February business inventories. Consumer prices are expected to remain tame in February, holding steady at 0.1% on a monthly basis and 2.4% on an annualized basis. The headline retail sales report is forecast to improve to 0.8% in March versus 0.3% in February. Meanwhile, the excluding automobiles retail sales reading is expected to post a 0.4% increase, down from 0.8% in the previous month.

Euro Edges Higher

The euro traded higher back toward the 1.36-figure against the greenback, reflecting subsiding risk from Greece deficit worries after a plan was hammered out over the weekend. Economic reports released overnight saw Germany's CPI figures, which were slightly softer than expected. In the coming session, markets will digest February Eurozone industrial production figures - estimated to climb by 2.7% on a yearly basis and higher by 0.3% on a monthly basis.

EURUSD will find support at 1.3560, followed by 1.3530 and 1.35. Subsequent floors will emerge at 1.3470, backed by 1.3440 and 1.34. On the topside, resistance is eyed at 1.3635, followed by 1.3670 and 1.37. Additional gains will target 1.3750 and 1.38.