Dollar remains broadly higher as growth concerns dominate

The U.S. dollar remained broadly higher against the other major currencies on Monday, as concerns over the outlook for global economic growth continued to support safe haven demand, although U.S. manufacturing data capped the greenback's gains. 

During U.S. morning trade, the dollar was higher against the euro, withEUR/USD slipping 0.21% to 1.3085. 

Sentiment remained under pressure after official data showed that the Chinese economy expanded by 7.7% year-on-year in the three months to March, down from 7.9% in the fourth quarter and undershooting expectations for 8.0% growth.

Separate reports showed that Chinese industrial production also came in below expectations, while retail sales rose slightly more than forecast.

The data reinforced concerns over the outlook for global growth after data on Friday showed that U.S. retail sales fell 0.4% in March, the largest decline in nine months. 

Earlier Monday, Eurostat said the euro zone posted a trade surplus of EUR12.0 billion in February, up from a revised surplus of EUR8.7 billion in January. Economists had expected a surplus of EUR9.9 billion in February. 

The greenback was also higher against the pound, with GBP/USDedging down 0.18% to 1.5312. 

Elsewhere, the greenback was lower against the yen, with USD/JPYdeclining 0.38% to trade at 97.99, but higher against the Swiss franc, with USD/CHF adding 0.28% to 0.9299. 

The greenback was higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.70% to 1.0206,AUD/USD tumbling 1.02% to 1.0396 and NZD/USD plummeting 1.27% to 0.8479. 

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16% to 82.35. 

In the U.S., data showed that the Empire State manufacturing index fell to 3.1 in April, from a reading of 9.2 the previous month, compared to expectations for a decline to 7.0.