The U.S. dollar traded higher against the most major currencies in a quiet trade. The U.S. bond market was closed for the Columbus Day holiday.

Comments by Federal Reserve Vice Chairman Stanley Fischer still weighed on the greenback. He warned at the weekend that the global recovery slowed down and the Fed could delay an interest rate hike.

The euro traded lower against the U.S. dollar in the absence of any major economic reports from the Eurozone. Market participants speculate Europe is headed for recession.

Investors also speculate the stimulus measures by the European Central Bank would not be enough to boost the economy in the Eurozone.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded mixed against the U.S. dollar. Markets in Canada are closed for a public holiday.

The New Zealand dollar traded slightly lower against the U.S. dollar. In the overnight trading session, the kiwi rose against the greenback after the Chinese trade data. Chinese exports increased 15.3% in September, while imports climbed 7%. China's trade surplus decreased to $31 billion in September from $49.8 billion in August, missing expectations for a decline to a surplus of $41.2 billion.

New Zealand's food price index dropped 0.8% in September, after a 0.3% rise in August.

The Australian dollar traded mixed against the U.S. dollar. In the overnight trading session, the Aussie increased against the greenback after the Chinese trade data. No major economic reports were released in Australia.

The Japanese yen traded slightly lower against the U.S. dollar. In the overnight trading session, the yen surged against the greenback due to increasing demand for safe-haven currency on concerns about the global economic growth. Markets in Japan were closed for a public holiday.