The greenback traded flat in on Monday amid cooled down disruptions in the Middle East and before the release of Fed’s preferred inflation measure scheduled this week.

The dollar index that gauges the greenback versus its major pairs muted at 106.005, plunging from five month high of 106.51 witnessed during the previous week.

The greenback sored to fresh peaks the earlier week following Israel’s strike on Iran, however things seemed to be eased with Tehran downplaying what seemed to be an attempt to prevent a regional conflict following Israel's retaliation attack against Iran.

The greenback was buoyed also buoyed by solid US economic figures and stubborn inflation, paired with hawkish remarks from Fed officials, minimizing the possibilities of early rate cuts.

EUR/USD rose 0.1% to 1.0656, trading not far from six-month lows with rate cuts by the European Central Bank ahead of those by the Federal Reserve are expected to occur if regional economic weakness slows down.

GBP/USD advanced by 0.1% lower to 1.2355, just above its trough since mid-November seen on Friday.

USD/JPY edged up 0.1% at 154.74, maintaining well above the 154 level and near 34-year peaks, keeping investors on edged for any possible government intervention.