The monumental U.S. job figures released on Friday boosted the chance that the U.S. Fed will continue hiking interest rates to combat inflation for a longer period of time, sending the dollar to a three-week high against the euro on Monday.

Friday's NFP figure strengthened the possibility of  another 25 basis points raise and diminished the prospects of an eventual rate decrease at the end of the year, driving equities lower and the dollar higher.

EUR/USD fell 0.6% to $1.0729, its lowest level since January 12, though it was still close to its highest level reached on Thursday.

GBP/USD was roughly mute at $1.203, slightly above a one-month low, as traders assess the prospects for the pound based on British GDP statistics and comments from BOE officials regarding the rate at which interest rates are being raised.

USD/JPY dipped beyond 1% following a report in the Nikkei newspaper that BOJ Deputy Governor Masayoshi Amamiya is expected to be the next governor.