The greenback inched down on Monday, settling down following recent fluctuations as attention shifted to impending U.S. inflation figures in anticipation of additional interest rate indications to determine its trajectory.

The dollar experienced extreme fluctuations the earlier week due to uncertainty over the exact timing of the central bank's interest rate cut in 2024, caused by conflicting U.S. economic figures.

But as traders anticipate the release of the most recent U.S. inflation figures, which is projected to impact traders' perceptions of prospective rate trim in the near future, this volatility is probably going to decrease at the beginning of this new week.

The dollar index that gauges the greenback versus its major pairs ticked down by 0.1% to 105.090, following the gains touched the previous week after two consecutive weeks of plunge.

EUR/USD edged up by 0.1% higher to 1.0784, however this hawkish tone may not last long with ECB expected to cut interest rate on June 6.

GBP/USD added 0.1% to 1.2531, following GDP figures that indicated that the British economy advanced in almost three years in the Q1 of this year.

USD/JPY ticked up by 0.1% to 155.87, lingering little below the 156 level.