After consecutive five weeks of increases, the dollar held steady on Monday as traders anticipated the Jackson Hole symposium of the Federal Reserve to provide insight into where rates may end up when the dust of this cycle of rate hikes settles.

Ten-year rates increased by 14 basis points over the course of the week, reaching a 10-month peak of 4.328% and narrowly missing a 15-year high. Thirty-year yields increased by almost 11 basis points, reaching a record high.

The impending Jackson Hole conference, where Fed head Jerome Powell is scheduled to speak on Friday, is the main market focus and might determine the path of U.S. Treasury yields, aside from the futile search for news of stimulus in China.

The dollar index that gauges the greenback versus its major pairs dipped by 0.06% at 103.33, not far from the highest level in two months at 103.68.

EUR/USD advanced to $1.0885.

GBP/USD hovered around $1.2726.