The US dollar traded lower against its Mexican counterpart during early deals on Monday. At about 1:10 am ET, the pair hit a new multi-year low of 10.5201, which may be compared to Friday's closing value of 10.5350. As of now, the pair is worth 10.53.

The US retail sales for the month of March, February business inventories and Federal Reserve board governor Kevin M. Warsh speech at Economic Policy Forum in New York are expected to drive trading in the New York session.