On Monday, the dollar maintained its stability while the yen remained close to its seven-week high as investors evaluated the steps taken by authorities and regulators to allay concerns about the global financial system.

The dollar index that gauges the US dollar versus its major pairs nudged up by 0.06% at 103.05 after gaining 0.5% on Friday despite banking anxiety.

In line with expectations, the Fed hiked interest rates by 25 basis points on Wednesday. But, because to recent instability in the banking industry, the Fed adopted a cautious approach to the forecast.

Markets expect a rate cut as early as July, but they now price in a 75% likelihood that the Fed will maintain current interest rates for next month.

EUR/USD advanced by 0.08% to $1.0771 after sliding by 0.6% on Friday, and important inflation figures are scheduled to be released at the end of the week.

GBP/USD edged up by $1.2260, up 0.25% post earlier decline on Friday by 0.5%.