Most of the major currencies continued to post strengthening on the back of trading of the king US dollar which remained weak in the European session.
This is reflected in the trading of the Aussie dollar which continues to extend its rise to strengthen at a 3-week high, while the kiwi dollar is at a 5-week high against the greenback.
Expectations that the Federal Reserve (Fed) may halt its interest rate hikes continue to weigh on the US dollar trading despite the improved NFP jobs data in April.
Investors will next focus on the release of US inflation data on Wednesday as a clearer indication of the expectations of the Fed's next policy setting.
Turning to broader market movements, the euro currency is also seen continuing its rise to trade higher at around 1.1050 against the US dollar.
The pound continued to hold its strength at a one-year high with investors now taking cautious steps ahead of the Bank of England's (BOE) policy meeting on Thursday.
In contrast to the yen which declined slightly following the report of the minutes of the Bank of Japan (BOJ) meeting which gave mixed signals on monetary policy and inflation.
Additionally, the Canadian dollar remained firm at a 3-week high against the US dollar amid stronger crude oil trading.
With the absence of key economic data in the European and New York sessions, market movements may continue to be influenced by current market sentiment.
