Doha: The US dollar edged slightly higher on Monday, attempting to recover from a four-week low against the euro after a dovish pivot from Federal Reserve Chair Jerome Powell sent it tumbling more than 1%.

According to Qatar News Agency, the greenback added 0.2% to $1.1699 per euro early in the Asian day, but remained not far from Friday's low of $1.174225, a level not seen since July 28. It rose 0.1% to $1.3502 versus sterling following a 0.8% slide in the prior session. It added 0.4% to 147.46 yen, clawing back part of Friday's 1% tumble.

The risk-sensitive Australian dollar briefly leapt to a one-week high of $0.6523 on Monday before pulling back to trade slightly down at $0.6484. In the previous session, it surged 1.1%.