The US dollar index pared earlier losses to trade largely flat around the 99.1 level on Monday, as traders closely monitored US-China talks taking place in London. The meeting follows a phone call last week between President Trump and President Xi, reviving hopes that trade tensions might begin to ease. Investors are also awaiting key economic data, with CPI and PPI reports due later this week expected to shed light on inflationary pressures and the broader impact of the ongoing trade war. Despite Monday's stabilization, the dollar remains near its April lows - the weakest levels since 2022 - amid growing concerns over the economic effects of President Trump's trade and fiscal policies, which have led to a shift away from US assets. On the day, the greenback was mostly weaker against the yen and the Australian dollar.