The euro gained some ground on Monday against the dollar, in a market keeping an eye on trade negotiations between China and the United States and possible discussions in Washington on a new plan to support the economy.

Around 19:00 GMT (21:00 in Paris), the euro took 0.19% to 1.1864 dollar.

"The greenback started the week with slight losses against the euro, the pound sterling and the Canadian dollar," said Joe Manimbo of Western Union. "Currencies, however, remain within the trading range that has prevailed since early August," adds the expert.

"Politics will dominate the spotlight this week, as the Democratic National Convention kicks off in Milwaukee," he said.

Democrats and Republicans still failed to agree last week on new financial aid to Americans. For the moment, the parliamentarians are on leave until mid-September and no discussion is a priori planned between the main negotiators.

At the same time, "the trade talks that were supposed to take place this weekend between the United States and China have been postponed," Manimbo said.

The two sides were due to give an update on the trade agreement signed in January; no date was given for the new meeting, which was to take place via video, according to Bloomberg.

But tensions between the world's two largest economies have regained momentum in recent days. Washington announced on Monday the tightening of sanctions against the Chinese telecom giant Huawei, extending them to 38 of its subsidiaries, in order to limit their access to American technologies.

Traders will be watching the minutes of the federal reserve's latest Monetary Policy Committee meeting later in the week.

"The euro could rise to its recent peak if the Fed's mid-week minutes seem dovish enough to set the stage for further action, for example by showing some tolerance for higher inflation, which would then increase the possibility of low rates for longer," Manimbo said.

Monday Classes Friday Classes

19:00 GMT 21:00 GMT

EUR/USD 1.1864 1.1842

EUR/JPY 125.80 126.23

EUR/CHF 1.0751 1.0765

EUR/GBP 0.9056 0.9050

USD/JPY 106.03 106.60

USD/CHF 0.9062 0.9091

GBP/USD 1.3101 1.3086