The U.S. dollar was lower on Monday as investors remained cautious after U.S. President Donald Trump denied he would roll back tariffs on Chinese goods.

Hope of a trade deal diminished after Trump said on Friday that he had not agreed to end tariffs on Chinese goods as part of a trade deal, as was claimed by the Chinese Commerce Ministry earlier last week.

Talks were moving slower than he would like, and he would only make a deal if it was best for America, Trump added on Saturday.

The greenback was also held back by a surge of unrest in Hong Kong, as police used live ammunition on protesters who had tried to block roads and delay trains during the morning commute. Elsewhere, protesters set a man arguing with them on fire.

The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, slipped 0.2% to 98.058 as of 10:45 AM ET (14:45 GMT).

Source : Investing.com