All Eyes on EU Summit and Greece

The dollar index is up, and the USD has reached the highest level since March 2. The dollar's rise is based on buying due to Greek debt concerns. Overnight, an International Monetary Fund official said economies face difficulties correcting public debt and Chancellor Angela Merkel told investors they shouldn’t expect this week’s European Union summit to agree on any aid package for Greece.

Earlier, the euro fell against the U.S. dollar and yen Monday in Asian trade, hurt by renewed worries about Greece's debt crisis, but remained within recent ranges as the dollar took a small hit from the approval of the $940 billion health care bill by the U.S. Congress.

This week, eyes will be on the March 25-26 EU summit. Analysts say statements leading up to the meeting may cause a slide in the euro.

Japanese markets are closed due to the spring equinox holiday.