The greenback dollar traded back from the six-week highs it had reached in the previous session, with the major currency showing an increase during the opening of the Asian session.
Against major competitors, the dollar index traded down 90.86.
Major currency trading returned positive in line with the increase in the stock market supported by the prospect that the US economy would improve following the release of the latest data.
At the New York session, the market was shown with the issuance of manufacturing ISM data showing slower US manufacturing activity than expected.
However, the increase in prices paid by factories for raw materials soared to a high of almost 10 years, reinforcing expectations that inflation will increase this year.
The euro rebounded in the Asian session after releasing following a slowdown in German retail sales in December due to tight restrictions last year, and was also affected by the strengthening of the US dollar.
While the pound traded lower during the previous session below the price level of 1.37000 again showed an increase. The Bank of England (BOE) policy meeting will be the main focus of investors this week.
On the other hand, the Aussie dollar rose higher ahead of the Reserve Bank of Australia (RBA) policy meeting at 11.30 this morning (Malaysian time) where the central bank is expected to maintain its current monetary policy approach.
