The dollar is clearly showing it is attractive during times of market stress , dollar held near a 19-month high on Monday.
AUDUSD marginally lower at $0.7174. It lost 0.3%. Apart from fears of a global economic slowdown, markets are also focusing on the future trajectory of U.S. monetary policy.
The yen was flat in early Asian trade at 113.36 to the dollar. It strengthened against the euro and sterling last week, reflecting the risk-off mood in the financial markets.
EURUSD was also little changed at $1.1304, having lost 0.6% last week after weaker-than expected data out of France and Germany suggested that economic activity in Europe remains weak.
CABLE remained under pressure in Asian trade, down 0.02% at $1.2582. British trade minister Liam Fox said on Sunday talks with the European Union to secure "assurances" for parliament on Prime Minister Theresa May's Brexit deal will take time, with a decision expected in the New Year.
Brent crude prices slipped on Monday amid concerns over demand in the wake of weaker growth in major economies, while U.S. oil markets held steady after U.S. drilling activity fell to its lowest level in about two months.
The People's Bank of China said in a statement that anti-globalization and trade protectionism are rising, stoking uncertainties and creating challenges for China's economy.
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