The dollar was little changed on
Monday. On Friday, it fell after U.S. homebuilding dropped for a third
month in May to the lowest in eight months and a barometer of U.S.
consumer sentiment unexpectedly fell in early June, prompting concerns
about the Federal Reserve's plans to stick with its monetary policy
tightening.
The dollar index, which tracks the greenback against a basket of six global peers, was little changed at 97.182, failing to make up any of Friday's 0.3 percent loss.
The market is awaiting comments by New York Fed President William Dudley, a close ally of Fed Chair Janet Yellen, when he speaks at a business roundtable in New York state.
"In the wake of Friday's weak U.S. data, Dudley could provide insight into whether the Fed is still poised to continue normalising monetary policy," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo.
"My view is that Dudley won't sound too dovish, and thus allow the dollar's gradual rise to resume."
The greenback fared better against the Japanese yen, which remained weak after the Bank of Japan left its ultra-loose monetary policy unchanged last week.
The yen didn't respond to data on Monday showing Japanese exports rose at their fastest pace in May since January 2015.
The dollar added 0.1 percent to 110.98 yen, after touching a two-week high on Friday.
In commodities, oil futures lingered near six-week lows, as concerns about a supply glut amid faltering demand.
U.S. crude slipped 0.35 percent to $44.58 a barrel, while global benchmark Brent dropped 0.3 percent to $47.21.
Gold touched a 3-1/2-week low earlier in the session, and was trading down slightly at $1,252.70 an ounce at 0500 GMT.
The dollar index, which tracks the greenback against a basket of six global peers, was little changed at 97.182, failing to make up any of Friday's 0.3 percent loss.
The market is awaiting comments by New York Fed President William Dudley, a close ally of Fed Chair Janet Yellen, when he speaks at a business roundtable in New York state.
"In the wake of Friday's weak U.S. data, Dudley could provide insight into whether the Fed is still poised to continue normalising monetary policy," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo.
"My view is that Dudley won't sound too dovish, and thus allow the dollar's gradual rise to resume."
The greenback fared better against the Japanese yen, which remained weak after the Bank of Japan left its ultra-loose monetary policy unchanged last week.
The yen didn't respond to data on Monday showing Japanese exports rose at their fastest pace in May since January 2015.
The dollar added 0.1 percent to 110.98 yen, after touching a two-week high on Friday.
In commodities, oil futures lingered near six-week lows, as concerns about a supply glut amid faltering demand.
U.S. crude slipped 0.35 percent to $44.58 a barrel, while global benchmark Brent dropped 0.3 percent to $47.21.
Gold touched a 3-1/2-week low earlier in the session, and was trading down slightly at $1,252.70 an ounce at 0500 GMT.
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