Renewed tensions in the market involving global tariff issues have put pressure on the US dollar at the early opening of June trading.
President Donald Trump has threatened to double tariffs on aluminum and steel imports to 50% after accusing China of violating the tariff truce agreement in Geneva earlier.
Beijing claims that Trump's accusations are baseless and promises to respond with firm action.
The tension follows the Russia-Ukraine conflict that escalated again last weekend when Ukraine reportedly launched drone attacks on several Russian military bases.
The US dollar weakened at the opening of the week but further declines were not seen to continue with investors focusing on several components of the US (US) employment data.
In the New York session yesterday, the JOLTS employment data was published by the Bureau of Labor Statistics which calculates the number of jobs offered in the US in April.
The figure came in with a positive reading of 7.39 million, better than the forecast of 7.11 million, and also surpassed the previous month's reading of 7.20 million.
The next focus will be on ADP data measuring private employment growth in the US in May which will be published in the New York session tonight.
Also to be watched is the US services PMI survey by the ISM, after Monday's survey reading for the manufacturing sector showed a decline in numbers.
In addition, investors will also be looking at the outcome of the Bank of Canada (BOC) policy meeting which is expected to keep interest rates unchanged at 2.75% after cutting rates 7 times in a row in the previous meeting.
At the end of the week, the market will focus entirely on the US NFP jobs report which will be the Federal Reserve's (Fed) guide in setting their monetary policy.
