The US dollar started the week with a rise against the majors as the US-China trade war issue softened and US state bonds yield increased.
The euro-to-US dollar exchange rate decreased $1.1726. The greenback strengthened positions to 111.35
According to Interfax reports, Washington and Beijing representatives held successful talks last weekend. Specifically, the parties were said to agree on measures aimed at preventing trade war between the countries, including countermeasures against trade tariff increase.
As stated US Finance Minister Steven Mnuchin, the countries have paused the trade war. In particular, they reportedly gave up plans for mutual trade tariff hikes.
The euro weakening is restrained by the reports from Italy and Greece.
In Italy, the winning parties agreed on the next prime minister, which will be announced on Monday. The name of new PM is yet to be disclosed, so there are rumors that it can be Giuseppe Conte, a law studies professor from Florence's University.
In Greece, the authorities and creditors managed to come to terms regarding the reforms to end 8-year financial assistance programme.