The dollar was broadly lower early Monday in Europe after U.S. President Donald Trump's decision to delay the imposition of more tariffs on Chinese imports triggered a relief rally in risk assets.
The dollar index, which measures the greenback against a basket of currencies, edged down to 96.257 by 03:20 AM ET (0820 GMT), having ended Friday's session above 96.40.
The greenback retreated across the board in Asian trading, as Chinese stocks recorded their best day in over three years,while the yuan rose some 0.2%. A truce in the U.S.-China trade would be a huge fillip to the Chinese economy, and the emerging signs of a truce are lifting not only Chinese assets, but all currencies and stocks correlated to China.
Source : Investing.com