Market players are hesitant about the expected extent of the Federal Reserve's almost certain rate cut later this week. Also, trade in Asia has been slowed, with markets in Japan, China and South Korea being closed due to public holidays

The euro rose by 0.11% to 1.1088 dollars.

The dollar remained stable at 140.86 yen, close to where it ended last week and close to the end of December low of 140.285 yen reached on Friday.

The dollar index was down 0.1% to 101.

The New Zealand dollar was also stable at $0.6157, after ending last week down 0.3%.

Aussie held steady at $0.6707, after ending last week with a modest gain of 0.5%.

Sterling rose slightly by 0.05% to $1.3132, still weaker than its one-week highs reached on Friday.

The Indian rupee is expected to get a boost on Monday due to the growing likelihood that the US Federal Reserve will cut rates by 50 basis points within a week. The 1-month undeliverable futures contract indicated that the rupee would open flat or slightly higher against the US dollar compared to 83.8875 in the previous session

The Russian ruble weakened against the US dollar on Monday, despite the surprise 100-basis-point rise in central bank interest rates last week, as the market remains focused on the impact of Western sanctions on the country's foreign trade. At 08:00 GMT, the ruble was down 1.3 percent to 91.20 against the dollar, according to LSEG data. One-day ruble-dollar futures, traded on the Moscow Exchange and used as a guide for over-the-counter market rates, fell by 0.2% to 90.69

The Fed meeting on September 17 and 18 is the culmination of a busy week in which the Bank of England and the Bank of Japan will also announce their monetary policy decisions on Thursday and Friday.