The greenback fell on Monday as hopes for a trade deal between the U.S. and China increased investor appetite for riskier assets such as equities and emerging market currencies and debt.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.08% to 96.28 as of 11:00 AM ET (16.00 GMT).
The dollar was up against the safe-haven yen, with USD/JPY rising 0.12% to 110.79.
Elsewhere, the euro rose due to the weaker dollar, the EUR/USD pair rising 0.13% to 1.1355. The British pound recovered slightly, but is still in a holding pattern as the political process governing Brexit continues to twist.