The dollar fell on Monday in initial reaction to US President Joe Biden's decision to withdraw from his re-election campaign, paving the way for another Democratic candidate to run against Republican Donald Trump.
The Chinese yuan has largely stabilized after the central bank's decision to cut a key interest rate.
The dollar fell 0.08 percent to 157.38 yen in early Asian trade, while the euro rose 0.11 percent to $1.0895.
Biden announced his withdrawal from the presidential race on Sunday and his endorsement of his running mate Kamala Harris to replace him as the Democratic Party's nominee in the November 5 election.
The pound rose 0.15 percent to $1.2931.
The Australian dollar rose 0.08 percent to $0.6691.
The dollar was steady at 7.2881 yuan in offshore transactions.
