Italian Prime Minister Matteo Renzi suffered a crushing defeat on Sunday in a referendum on constitutional reform, a defeat that traders had widely expected. Expectations that the European Central Bank (ECB) will hint at reducing its bond purchase program when it meets this Thursday is also seen as adding to strength to the single currency. The dollar index, which measures the greenback against a basket of six major rivals, fell 0.67 percent to 100.09. The euro rose 0.86 percent at $1.0762 against the greenback. Against the yen, the dollar was up 0.25 percent at 113.82. The euro is expected to meet resistance and support against the dollar at $1.0808 and $1.0532 respectively, while the dollar is expected to meet resistance and support against the yen at 115.50 and 111.50 respectively.

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