Heading into the European session, currency market movements remained sluggish amid the absence of key economic data and the close of stock and bond markets in the United States and Canada.
Even so, there are still a handful of investors entering this limited trade with the main focus now being on the publication of the minutes of the FOMC meeting on Thursday.
It will clarify policymakers' views on the direction of their policy setting after deciding on the recent 25 basis point interest rate hike.
Against a basket of major currencies, the dollar index, which measures the strength of the greenback, is trading at around 103.93.
Meanwhile, during the Asian trading session, New Zealand's Deputy Prime Minister and Finance Minister Grant Robertson reiterated that the central bank has a responsibility to tackle inflation.
The Reserve Bank of New Zealand (RBNZ) is expected to announce an increase of 50 basis points at its upcoming policy meeting on Wednesday.
At the time of writing, the kiwi dollar was trading slightly lower against the US dollar, while the Aussie dollar was trading higher.
In addition, the euro and the pound are each traded slightly changed compared to the US dollar.
