World shares dipped on Friday as investors awaited progress towards more US fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high.
The yen hit a six-month high against the dollar on Monday, gaining for a sixth consecutive session against the greenback as stock markets tumbled and pushed investors to the perceived safety of the Japanese currency.
The single currency had spiked to a one-week high above $1.191 after Thursday's European Central Bank meeting, before easing back as policymakers talked it down the next day.
It was trading around $1.187 on Monday.
Spot gold was flat at $1,868.29 per ounce by 0627 GMT. But prices are down over 4% for the week pressured by a broadly stronger greenback. US gold futures were down 0.3% to $1,871.
The US dollar gave up brief early gains on Monday as mounting concerns about a slowing US economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.
The dollar held steady at 105.28 yen, trading near a three-week high. Against the euro, the dollar was little changed at $1.1822.
At the opening of European markets, the dollar climbed by 1%, the offshore-traded yaun while Australian dollar and Norwegian crown fell.
The fall of the dollar index has advanced other currencies. The Chinese yuan struck a 28-month peak, the New Zealand dollar rose 0.6% to hit a 19-month high and the Australian dollar made a seven-week top.
The greenback index has stood at 92.641 against a basket of six major currencies, close to a two-week low.