The dollar inched higher on Monday, stabilizing after recent losses ahead of a week containing a closely-watched Bank of Japan meeting and the last few data releases before the US Federal Reserve System (US Central Bank) and European Central Bank rate decisions in early May.

Moves were fairly muted with the Sterling Pound down 0.2 percent to $1.2420 and the euro down 0.1 percent at $1.09775.

Neither currency having been able to hold respective multi-month highs above $1.25 and $1.10 reached in mid April.

The dollar edged up 0.1 percent against the Japanese currency to 134.2 yen per dollar, with the dollar index up 0.12 percent at 101.8.

Source: Qatar News Agency