The dollar fell almost 1% against the yen on Monday as fears grow that President Donald Trump's "America First" policy could lead to wide trade war with key Asian economies and that along with plan to renegotiate the North American Free Trade Agreement and abandon the Trans Pacific Partnership--global economic freedom may wane.

USD/JPY changed hands at 113.63, down 0.87%, while AUD/SUD tarded at 0.7571, up 0.15%. GBP/USD gained as well, up 0.37% to 1.2420.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.41% to 100.36 late Friday. The index had climbed around 3.5% since Trump’s election win in November, but has fallen 1.49% so far this month amid worries over Trump's protectionist stance and following recent remarks in which he said the dollar was too strong.

Later on Monday, ECB President Mario Draghi is to speak at an event in Italy.

Source: Investing.com