The dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty.

In bumpy trade the dollar ran ahead early before settling back against the pound, euro, kiwi and the Australian dollar. Sterling was last 0.1% softer at $1.2449, the Aussie flat at $0.6158 and the euro (EUR=) stable at $1.1132.

The halt in the dollar's slide came with a broader risk-averse mood, which lifted the Japanese yen 0.4% to 107.47 per dollar.

Against a basket of currencies (=USD), the dollar was steady at 98.312. It edged ahead against the Chinese yuan in offshore trade to 7.0800 per dollar.

Source: Reuters