NEW YORK (CNNMoney.com) -- The dollar rose against the euro Monday as investors remained concerned about Greece despite the country's decision last week to activate an emergency aid package.
What prices are doing: The dollar was up 0.15% versus the euro at $1.3365 and gained 0.07% against the yen to ¥94.04. But it fell 0.5% against the U.K. pound to $1.5453.
The euro was under pressure as investors struggled with how and when the aid package Greece activated last week will be provided. The country faces a May 19 deadline for refinancing 8.5 billion euros, or about $11.4 billion, in borrowings.
In a sign of renewed concern, yields on Greek bonds soared, with the spread between Greek and German bonds reaching a record high on Monday.
On Friday, Greece officially activated a 45 billion euro, $53 billion, bailout from the European Union and International Monetary Fund. But analysts said comments from German officials over the weekend raised concern about when the aid will be disbursed and what conditions may be attached.
Despite the worries about Greece, stock markets in Europe posted strong gains. Shares in Paris and Frankfurt were up more than 1%, while London gained about 0.7%.
Meanwhile, the yen fell as stocks in Asia rose, reflecting increased demand for more risky assets. The Nikkei in Japan gained over 2%, while the Hang Seng in Hong Kong closed up 1.6%.
What analysts are saying: "With so much focus on Greece, the upcoming FOMC meeting on Wednesday has received less attention than usual," Camilla Sutton, currency strategist at Scotia Capital, wrote in a research report.
The Federal Reserve Open Market Committee will hold a two-day meeting this week to discuss interest rate policy.
Analysts expect the central bank to hold interest rates steady near historic lows as the economy remains vulnerable. But investors will parse the Fed's policy statement for an indication rates may go up sooner than expected.
"Considering the risks associated with developments in Europe, minimal signs of pricing pressure in the U.S. and no immediate rush to remove emergency level rates, we think the Fed will change very little with regards to their outlook," Sutton said. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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