The trade tensions between U.S. and China and the global growth worries underpinned the greenback's safe-haven appeal, while the euro and the British pound were hurt by some other obstacles.
Investors are focusing on high level trade talks between the two major economies this week and at the same time the dollar is benefiting from the investor nervousness around the trade talks. "Beyond its safe haven appeal, the dollar is still the highest yielding currency in the developed world and with all major central banks turning dovish, the it seems relatively attractive."
Financial markets have been roiled by the trade tensions over the past year, with business sentiment and global growth being hurt by the fallout of the U.S.-China dispute.
The dollar index was steady at 97.06, after advancing 0.45 percent in the previous session.
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