Investing.com - The dollar trimmed gains against a basket of other major currencies on Monday, after data showed that U.S. service sector activity grew at a slower pace than expected in June although the greenback remained broadly supported by the outcome of Sunday's Greek referendum.
The Institute of Supply Management reported on Monday that its non-manufacturing purchasing manager's index inched up to 56.0 last month, up from 55.7 in May but below forecasts for a reading of 56.2.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 96.34, after hitting one-month highs of 96.84 earlier in the session.
EUR/USD slid 0.40% to 1.1066 after Greek voters overwhelmingly rejected conditions of a rescue package from creditors on Sunday, adding to doubts over the country's future in the euro zone and deepened a standoff with its lenders.
European officials have indicated that they will only continue to finance Greece in return for far-reaching economic reforms.
Greek Prime Minister Alexis Tsipras welcomed the outcome of the vote and said Athens was returning to negotiations with the express goal of reopening banks, which have been shut for over a week after capital controls were imposed.
Without more emergency funding from the European Central Bank, Greece's banks could run out of cash within days.
Euro zone leaders were expected to hold a conference on Tuesday night to discuss the aftermath of the Greek referendum.
Earlier Monday, official data showed that German factory orders fell 0.2% in May, compared to expectations for a 0.4% decline. Factory orders increased by 2.2% in April, whose figure was revised from a previously estimated 1.4% gain.
The pound turned moderately higher, with GBP/USD up 0.08% to 1.5583.
Elsewhere, the dollar was steady against the yen, with USD/JPY at 122.78 and higher against the Swiss franc, with USD/CHF rising 0.37% to 0.9437.
Data on Monday showed that Switzerland's consumer price index rose 0.1% in June, beating expectations for a 0.1% downtick, after an increase of 0.2% the previous month.
Year-on-year, Swiss consumer prices declined by 1.0% last month, compared to expectations for a 1.2% drop and after a 1.2% slide in May.
The Australian dollar was steady, with AUD/USD at six-year lows of 0.7517, while NZD/USD edged up 0.24% to 0.6706, just off five-year lows of 0.6652 hit earlier in the day.
USD/CAD advanced 0.44% to trade at fresh two-and-a-half month highs of 1.2629.