U.S. Treasury Secretary Steven Mnuchin said the Trump administration's timetable for tax reform is set to falter and he agreed with Trump's view that the dollar's strength in the short term was hurting exports, but said he saw the currency's strength over the long term as a positive. Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank’s reductions to its balance sheet could begin later this year. The dollar index, which tracks the U.S. currency against six major rivals, was down 0.27 percent at 100.29. The euro rose 0.29 percent at $1.0640 against the greenback. Against the yen, the dollar was up 0.26 percent at 108.89. The euro is expected to meet resistance and support against the dollar at $1.0780 and $1.0500 respectively, while the dollar is expected to meet resistance and support against the yen at 110.99 and 107.13 respectively.

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