Dollar steadies

The dollar slipped as European markets opened on Monday, but was still near a five-year high versus Japan's yen as investors braced for a busy week of major central bank meetings.

After uncertainty about the war in Ukraine prompted a market sell-off on Friday, stock markets rebounded on Monday and commodity prices edged back down.

Analysts attributed the revival of risk appetite to the fact that Russian and Ukrainian negotiators hinted at progress in peace talks.