The US dollar declined against its main competitors in the European session on Monday, as the closure of the US government has been going on for the fourth week, while the growing hope that the Fed will stop the policy tightening cycle also had a negative effect on the currency
The closure of the US government was the longest in history, as Trump and the Democrats continued to quarrel over the President’s demand for $ 5.7 billion to build a wall along the border between the United States and Mexico.  At the weekend, Trump warned about a much longer closure and blamed the Democrats.
The yield on US Treasury bonds fell and the yield on 10-year bills decreased by 2.67 percent, while the yield on the 2-year equivalent decreased by 2 , 52 percent. Yield is inversely proportional to bond prices.
China's exports and imports unexpectedly fell in December, triggering new concerns about global growth.
China's exports unexpectedly fell 4.4 percent from a year earlier this month, the largest monthly falling in two years, while imports also lost 7.6 percent, marking the biggest decline since July 2016.
In the Asian session, the currency was trading in different directions against the main currencies. While it fell against the yen and the euro, it remained stable against the franc and the pound.
The US dollar fell to a 4-day low of 107.99 against the yen from a maximum of 108.55 reached at 5:00 pm Eastern time. If the dollar continues to fall, the next support level will be 106.00.
Rising to 0.9845 against the franc at 2:15 am Eastern time, the dollar changed its course and dropped to a 4-day low of 0.9813. The dollar may meet support at 0.97.
The dollar fell to 1.2880 against the pound, the biggest decline since November 23, 2018. The next possible support for the dollar is around 1.30.
On the other hand, the US dollar remained stable against the euro after reaching a maximum of 1.1451 at 5:00 am EST, which was the highest since January 9. The pair closed last week at 1.1468.
Industrial production in the euro area declined faster than expectations in November, as evidenced by preliminary data from the Eurostat statistical office, published on Monday.
Industrial production decreased by 1, 7 percent since October, when the rate rose by 0.1 percent, revised from 0.2 percent. Economists had expected a 1.5 percent decline.
The US dollar rose to a 4-day high of 0.7176 against the Australian dollar and a 6-day high of 1.3398 against the Canadian dollar and remained stable thereafter. The dollar closed on Friday at 0.7214 against Aussie and 1.3264 against Loonie.
The dollar, which closed trading at 0.6832 against Kiwi on Friday, rose to 0.6797 and remained stable after that.