Continuing trading at the opening of the week, the US dollar remained weak following the gloomy pattern at the close of last week.
After the US consumer and producer inflation data were published with increasing readings, the US dollar failed to gain traction in a market atmosphere that remained uncertain.
On Friday, US retail sales data was published with a declining figure for January with a contraction of 0.9%, lower than expected.
The depreciation of the US dollar gave the advantage to other major currencies in the market to recover their respective trades.
The yen was among the best performers, showing an increase supported by Japanese economic growth data in the 4th quarter of last year, supporting the Japanese central bank's plan to raise interest rates.
The market expects the Bank of Japan (BOJ) to be more aggressive in tightening its policy this year.
However, the Yen's trading can also be affected by changes in current market sentiment as a safe-haven currency.
The focus remains on the tariff war that President Donald Trump has initiated and is heating up early in his administration.
Geopolitical issues will also play a role this week with talks to be held in Saudi Arabia regarding the Russia-Ukraine conflict.
In addition, investors will be vigilant with important economic data to be published throughout the week.
The Reserve Bank of Australia (RBA) is expected to cut interest rates by 25 basis points at its latest meeting, while the Reserve Bank of New Zealand (RBNZ) is more aggressive with expectations of a 50 basis point cut in interest rates.
