The European session saw the trading of the US dollar remain limited, after slipping last week due to dovish indications by Federal Reserve (Fed) Chairman Jerome Powell.
Last Friday, Powell told a central bank conference in Washington that the Fed may not need to raise interest rates as much as it should because of tight credit conditions.
This caused investors to reduce expectations to see a rate hike at the June FOMC policy meeting.
However, the FOMC meeting minutes report to be released this week will be scrutinized first by investors for a clearer indication of the views of Fed policymakers.
Meanwhile, investors also continue to follow developments in the United States debt ceiling negotiations that will continue today between President Joe Biden and top Republican officials.
Currency movements at the beginning of the week did not show much change with prices moving in a small range amid the absence of key economic data.
More active trading may be seen in the New York session, coupled with the opening of the Wall Street stock market.
The euro and pound remained traded at around the same price despite fluctuations in the previous session.
The Aussie dollar eased slightly, while the New Zealand dollar traded flat with the market more cautious heading into Wednesday's Reserve Bank of New Zealand (RBNZ) policy meeting.
