By Gina Lee

Investing.com – The dollar was up on Monday morning in Asia. As a host of central banks are set to announce their policies throughout the week, the dollar fell again for five years.

This index tracks the greenback in relation to a basket currency and rose 0.06% by 11:21PM ET (3:21 GMT) On March 22, the Dollar Index contract was transferred to June 22. 13.

This pair gained 0.4% to 117.84.

Both the pair fell 0.45% to 0.7258, and both were down 0.33% at 0.6784.

Both the pair saw a slight increase of 0.1% to 6.3498, while their counterparts experienced a decrease in 0.1% to 1.3014.

Hopes that talks between Russia and Ukraine to end the conflict that began with the former’s Feb. 24 invasion weighed on safe-haven currencies such as the yen and Swiss franc.

Wendy Sherman, the U.S. deputy secretary of state, stated Sunday that signs could exist that Russia might be open to negotiations in order to stop its invasion of Ukraine. But, the fighting continues in the conflict which started on February 24th.

The dollar climbed to as much as 117.61 yen earlier in the session, the highest level since January 2017, extending gains from the previous week which Barclays PLC analysts attributed to a decline in demand for safe havens as equities rallied.

“The BOJ’s dovish bias, in contrast to the expected Fed liftoff, should continue to support dollar-yen alongside negative terms of trade impact from high energy costs,” Barclays PLC added, adding there is “no clear resistance until the end-2016 high of 118.6.”

Widely, it is believed that the Fed will keep a dovish attitude when it announces its policy decision Friday. On Wednesday, the Fed is likely to raise interest rates. Also, Tuesday will see the release of the Reserve Bank of Australia.

They will also issue their policy decision. Expectations are high for a 25-basis point rate rise.

“How the Fed and ECB’s rate hikes will affect the pound “will depend in large part on their post-meeting statements and the Fed’s press conference. CBA analysts stated in a note that the U.K. is more vulnerable to Russian supply shocks than the U.S.

With hopes that the conflict in Ukraine will end, the euro gained a little bit of traction trading at $1.0935. However, the conflict’s impact on eurozone growth continues to weigh on the single currency. Due to rising oil and grain prices, commodity-linked currencies such as New Zealand and Australian dollars have fallen from multi-year highs reached in March.

After a quiet weekend, Bitcoin was close to the $37800 mark in cryptocurrencies.