The dollar is hovering near recent lows as markets gear up for this week's Federal Reserve meeting.
The US dollar index was little changed near 91.85 at 7:52 a.m. ET.
"The DXY is teetering near the recent lows, and many market participants will keep an eye on the key pivot level of 91," said Mark McCormick, the North American Head of FX Strategy at TD Securities, in a note.
"We could see some profit taking early in the week but look to fade dollar rallies into this week's FOMC meeting."
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The Federal Open Market Committee is meeting on Tuesday and Wednesday. For the most part, Fed watchers expect the committee to announce the start of a reduction in its $4.4 trillion balance sheet at the conclusion of its two-day meeting on September 20.
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