As traders assessed the effects of previous week's central bank decisions and a speech by Fed Chair Jerome Powell loomed big, the U.S. dollar crept higher in light holiday-affected trading on Monday.

The dollar index that gauges the greenback versus its major pairs moved 0.1% higher to 101.935, barely above its most recent one-month low, though action is probably going to be restricted given that US markets will take a break on Monday for Juneteenth holiday.

With consumer prices remained above its 2% target, the Fed signalled at the possibility of further rate rises but stressed the need for new economic evidence to support these movements.

EUR/USD slipped 0.1% to 1.0935, hovering around the highest level in one month.

GBP/USD added 1.2824, ahead of the BOE meeting on Thursday, sentiment is anticipated to be primarily influenced by the release of consumer pricing data on Wednesday.

USD/JPY slumped 0.2% to 141.52, with the yen rebounding from a Friday low of 1% against the dollar, which was close to the lowest level in 7 months.