The dollar slipped against all major currencies on Monday, as exuberance over an upbeat U.S. employment report gave way to caution ahead of pivotal U.S.-China trade talks set to take place in London later in the day.

Asian stock markets have advanced ahead of the second round of trade talks between Washington and Beijing, following a solid report on the U.S. job market.

Gold was steady — after losing almost 2% over the previous two sessions — as another round of US-China trade talks offered hope trade tensions between the two largest economies can be eased.