Mnuchin's comments were seen to have played down views expressed by the president, who noted last week that the dollar was too strong, sending it reeling. This was probably because of the tension mounting from the North Korea front, the upcoming French presidential elections and also due to the economic dialogue that is to take place between the U.S. and Japan on Tuesday.
Concerns about North Korea and French presidential elections also kept a lid on the dollar against the yen - traditionally a haven for capital in the face of political and economic stress - which has surged in the past two weeks.
Treasury Secretary Steve Mnuchin said Monday the Trump administration's target date to get tax reforms through Congress and on President Trump's desk was "not realistic at this point".
"It started as [an] aggressive timeline", the former Goldman Sachs banker said in an interview with the Financial Times.
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"That is not to say we have taken it off the table", Mnuchin said.
"There is a real risk that we get a choice between the far-left and the far-right, neither of which would be market-friendly, and both of which could leave the European Union in a very different position than it´s in today", said Rabobank currency strategist Jane Foley, in London, arguing that the market was too complacent.
The US dollar had an Easter Monday slump, mostly against the yen on geopolitical worries.
In an interview with the Wall Street Journal, the President said that the dollar's strength was "partially" his fault "because people have confidence in me", but he said that it was starting to hurt.
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The main driver for that move, said strategists, was a weaker dollar and the pricing out of the bet that the U.S. Federal Reserve would raise interest rates three times this year.
"The yen can not simply continue weakening along with higher stocks under such conditions", he said.
Barring a major shock in the China readings, markets are expected to remain focused on USA data and its possible impact on the pace of interest rate hikes, and concerns over North Korea and the French presidential election.
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The dollar index against a basket of major currencies was up 0.1 percent at 100.360. The low reached 2.1966% today. Meanwhile, weaker iron ore prices, Australia's key export, also weighed on the currency.