Most of the dollar-positive news have already been priced into the market, notes Nicolas Sopel of RHB Research Institute Singapore.
The dollar gained as risk sentiment improved, and the confirmation hearing of new Federal Reserve chair Jerome Powell kicked off.
Retailers closed higher on Monday as investors bet on strong sales during the holiday season following a strong Black Friday.
U.S. stock index futures pointed to a flat open Monday, as investors looked ahead to a key vote on tax reform.
The euro is likely to slide from current levels as markets keep an eye on German coalition talks, says Greg Matwejev, portfolio manager at Morris Capital.
The dollar edged higher as traders braced to resume deliberations on the U.S. tax plan and Jerome Powell's confirmation hearing.
U.S. equities rose on Friday as investors placed bets on a strong holiday shopping season.
U.S. stock index futures pointed to a relatively flat open Friday, as investors gear up for more data during a shortened trading day.
Khoon Goh, head of Asia research at ANZ, likes the euro over the pound as sees the ECB ending its asset purchases in the fourth quarter of 2018.
The dollar fell to its lowest since late September on Friday as investors grew optimistic about the strength of the euro zone's recovery.
The euro rose for a third consecutive day when a flurry of business surveys pointed to a strengthening growth outlook for the region.
Nizam Idris, MD and head of FX and rates strategy at Macquarie, says keep an eye on the dollar next year for a combination of fiscal and monetary policy support.
Strong macro data for the euro zone favors the single currency over the pound as Brexit weighs, says Heng Koon How, head of markets strategy at United Overseas Bank.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
The tech-heavy index closed 0.1 percent higher as Amazon gained more than 1 percent.
U.S. stock index futures pointed to a slightly higher open Wednesday, as investors geared up for more data and awaited the Fed minutes.
Stock prices in Asia still have room to run even though the increase may not match that seen in 2017, BlackRock says.
A narrowing in the UK's cyclically-adjusted budget deficit could lead to pressure on the pound, says Elias Haddad, senior currency strategist at Commonwealth Bank.
Asia markets traded higher across the board, taking cues from Wall Street overnight, while the dollar fell against a basket of currencies.
Currency markets were closeted in a tight range in a holiday shortened week in the United States.