USD dollar weakened against major currencies including the euro and yen on Monday. The euro was last up 0.64 per cent against the dollar at $1.1213. Against the Japanese yen, the dollar weakened 0.41 per cent to 157.89. Sterling rose 0.60 per cent to $1.34290. The dollar index, which measures the currency against six major rivals, dipped 0.47 per cent to 101.75.
In the bond market, Treasury yields held relatively steady following big moves last week. The yield on the 10-year Treasury inched up to 4.87 per cent from 4.86 per cent late Friday. The fall in oil prices helped to ease worries about inflation that have weighed on economies across the globe this year.
International Oil Prices
Brent crude futures fell $5.75, or 5.85 per cent, to settle at $92.57 a barrel, and prices continued falling after settlement, while US West Texas Intermediate futures dropped $3.98, or 4.38 per cent, to…
