The dollar index, a gauge of its value versus six major peers, held steady at 96.28, having risen 1% last week as investors shunned riskier assets.
China's finance ministry said on Monday that it will adjust import and export tariffs for some products starting from Jan. 1. It will not levy export tariffs on 94 products including fertilizer and iron ore, the ministry said in a statement on its website. For imports, China will levy temporary tariffs on more than 700 items and maintain relatively low import tariffs for aircraft engines, the ministry added.China will also further cut most favored nation tariffs on 298 information technology products from July 2019.
EUR/USD is correcting a slice of last week's closing offer in thin liquidity and holiday markets. EUR/USD dropped on Friday with a safe haven bid in the greenback and made a North American session low of 1.1356 from a 1.1473 Asian high.
The People's Bank of China set the USD/CNY reference rate for the day at 6.9006, compared to Friday's rate of 6.8825.
The Australian dollar , often considered a barometer of global risk appetite, changed hands at $0.7047, up slightly on its U.S. peer after sliding more than 2% last week.
GBP/JPY Upside potential into 141.00 limited, The Guppy's early-Monday rise into 140.80 sees the pair trapped once again in the middle of Friday's range, trapped between 141.20 and 141.25.
Asian stocks were subdued on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering.
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