The dollar climbed higher against its major rivals on Monday driven by strong U.S. August jobs data and amid fears of a potentially major escalation in the China-U.S. trade conflict.

U.S. President Donald Trump warned on Friday that he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods in addition to the $200 billion already facing the risk of duties.

The Dollar index rose more than 0.3 percent on Friday after data showed U.S. job growth picked up in August and wages recorded their largest annual gain in more than nine years.

The strong data further supported the prospect of faster rate rises by the Federal Reserve, boosting demand for the dollar.

The Fed is all but certain to raise rates a third time this year in late September.

AUD/USD was pinned near a 2-1/2-year low of 0.7097 touched earlier in the day trading at 0.7107.

USD/JPY stayed unchanged, at 110.98.

EUR/USD crept lower to 1.1550 after falling more than half a percent during the previous session in the wake of the U.S. job data.