The dollar index, which tracks the greenback against six major rivals, fell 0.52 percent to 89.765 on Monday as Britain and the European Union appeared to reach a broad agreement on a post-Brexit transition period and the Irish border. The euro was up 0.37 percent to 1.2333 against the greenback after it is reported that European Central Bank officials were shifting their debate from bond purchases to the expected path of interest rates, reviving bets that the ECB may raise rates sooner than previously thought. Against the yen, the dollar edged 0.08 percent higher at 106.08. The euro is expected to meet resistance and support against the dollar at $1.2460 and $1.2150 respectively, while the dollar is expected to meet resistance and support against the yen at 107.70 and 104.60 respectively.

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