The dollar index pared most of its early gains to trade only slightly higher at 98.5, as concerns over the situation in Venezuela eased and a weaker-than-expected ISM Manufacturing PMI weighed on sentiment. The greenback had initially climbed to 98.8 after the capture of Venezuelan leader Maduro and his wife by the US over the weekend heightened geopolitical tensions, prompting a modest rise in demand for safe-haven assets. On the data front, the ISM Manufacturing PMI signaled the sharpest contraction in the factory sector since 2024 in December. Looking ahead, a series of key US economic releases later in the week, including the jobs report on Friday, JOLTS and ADP employment data, and the Michigan consumer confidence survey, will offer further insight into the health of the economy. Markets are currently pricing in two US interest rate cuts this year, despite the Federal Reserve projecting only one reduction.