The dollar index, which measures the greenback against six major peers, rose 0.19 percent to 105.2191 in late trading.
Fed Governor Lisa Cook said she hopes the central bank's current target interest rate is adequate to return inflation to the 2 percent target.
"We hope that this will be restrictive enough such that we can return to our 2 percent target over time," Cook said at Duke University. "But we will continue to be vigilant to ensure the inflation target is reached."
U.S. Treasury bond yields, which fell to multi-week lows last week, were recovering and helped the U.S. dollar stop its bleeding on Monday. The 2-year bond rate rose to 4.90 percent, while the 5- and 10-year yields increased to 4.60 percent and 4.65 percent respectively.
In the eurozone, the S&P Global/HCOB services purchasing managers' index (PMI) was unrevised at 47.8 last month, in line with analysts' predictions, which was down from 48.7 in September and the lowest level since February 2021.
In late New York trading, the euro decreased to 1.0723 U.S. dollars from 1.0736 U.S. dollars in the previous session, and the British pound dropped to 1.2351 U.S. dollars from 1.2380 U.S. dollars.
The U.S. dollar bought 149.9690 Japanese yen, higher than 149.3240 Japanese yen of the previous session. The U.S. dollar rose to 0.8987 Swiss francs from 0.8981 Swiss francs, and it rose to 1.3691 Canadian dollars from 1.3659 Canadian dollars. The U.S. dollar increased to 10.9080 Swedish krona from 10.8744 Swedish krona.
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