The greenback approached its 7 months ground on Monday versus its major pairs, as the earlier released data implied that Fed may ease its interest rate raises.

The US dollar index that gauges the greenback versus its major pairs saw a plunge by 0.1% at 103.62 post recording an earlier slip on 1.15% as investors swarmed towards the non-safe haven assets.

China resumed loosening its Covid-19 curbs and the country opened the doors of its borders, bolstering the outlook of the economy.

China's offshore yuan was supported by the boosted glimmered hopes of a soon revived economy in the country, as it touched its highest level in 5 months.

The NFP data released earlier last Friday gave some clues that Fed probably take a softer stance and ease its rate hikes.

EUR/USD climbed 0.28% at $1.0674 post earlier jump at 1.17% last Friday.

GBP/USD edged up by 0.55% to $1.2159, post recording an earlier 1.5% advance last Friday.

USD/JPY slipped by 0.2% at 132.33 per dollar.