The US dollar traded little changed as the market entered the European session, maintaining gains recorded in last weekend's trading.
The beginning of the European session saw the dollar index, which measures the greenback's strength against a group of major currencies, trading steady at around 101.60.
The US dollar bounced back from a one-year low in late trading last Friday, after Federal Reserve (Fed) Governor Christopher Waller said more policy tightening was needed.
As a result, investors are raising expectations for the Fed to raise interest rates by 25 basis points at next month's policy meeting.
Against the yen, the currency king surged to a one-month high, as Bank of Japan (BOJ) Governor Kazuo Ueda's dovish stance pushed the ninja currency lower.
Meanwhile, the euro and the pound are struggling to defend against the greenback.
The focus of pound investors is now turning to the release of UK employment and inflation data due this week.
Moving to Asian currency trading, the Aussie and New Zealand dollars remained trading gloomy following earlier falls as markets now await the release of China's economic growth data on Tuesday.
The dollar loonie, on the other hand, remained stable after its decline was limited by crude oil trading that continued to strengthen.
