Data:

08:00 Germany IFO - Business Climate March 109.6 109.7 109.8

08:00 Germany IFO - Current Assessment March 117.5 117.0 117.4

08:00 Germany IFO - Expectations March 102.3 102.6 102.7

The dollar strengthened against the yen and retreated from session highs against euro and pound on bets U.S. growth is gathering pace.

Economists said a U.S. report this week will show orders for durable goods increased in February.

The euro weakened against the dollar after Italian Prime Minister Mario Monti said Spain could reignite the region’s debt crisis.

EUR/USD: the pair showed low in $1,3190 area then restored in $1,3250 area.

 

GBP/USD: the pair showed low in $1,5800 area then restored in $1,5880 area.

 

USD/JPY: the rate grown in Y83.00 area.

  

US data starts at 1400GMT by NAR Pending Home Sales.