The U.S. dollar gained slightly on Monday as investors repositioned after disappointing inflation data on Friday sent the greenback to its lowest levels in more than two weeks, and with no major U.S. releases on Monday to sway direction.
Consumer price data on Friday showed still benign inflation, disappointing investors who had expected it to improve.
That came after minutes from the Federal Reserve's September meeting released on Wednesday showed that Fed policymakers had a prolonged debate about the prospects of a pickup in inflation and the path of future interest rate rises if it did not.
"We've got a lot of negative news priced in," said Mark McCormick, North American head of FX strategy at TD Securities in Toronto.
"We're just seeing some squaring up of positioning now, well probably see it for the next day or two, and then I think well focus a bit more back on the negative U.S. outlook," McCormick said.
The dollar index against a basket of six major currencies rose 0.23 percent to 93.30. It fell to 93.32 on Friday immediately after the consumer price data, the lowest since Sept. 26.