The U.S. dollar retreated from seven-month highs on Monday as investors evaluated whether the Federal Reserve will let inflation run above target before raising interest rates, and as investors took some profits from the recent dollar rally. The dollar index, which measures the dollar against six major world currencies, fell 0.13 percent at 97.888. The euro rose 0.26 percent against the greenback at $1.0997. Against the yen, the dollar was last down 0.28 percent at 103.89. The euro is expected to meet resistance and support against the dollar at $1.1147 and $1.0863 respectively, while the dollar is expected to meet resistance and support against the yen at 105.38 and 102.37 respectively.

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