On Monday, the greenback kicked off the week with struggles, with traders speculating that it, like US interest rates, had peaked, while keeping a careful eye on inflation and credit data.

The dollar index that gauges the greenback versus its major pairs, ticked down by 0.2% at 101.11. Its lowest reading in a year was 100.78 in last month.

EUR/USD continue to be supported even though financial markets are still pricing in interest rate cuts for the US this year and additional interest rate hikes from the ECB.

GBP added a tiny amount on the day and lingering around an 11-month high of $1.2652, prior to the anticipated Bank of England rate increase on Thursday, was in special attention.

The pound has also been strengthening against the euro, which was last at 87.36 pence after falling to 87.11 pence on Friday, the weakest level this year against the pound.

UD/JPY ticked up by 0.1% at 135.0 yen.