In foreign exchange markets, the dollar fell to its lowest levels in six months on Friday USD= against a trade-weighted basket of peers at 97.080 and was trading just a shade above that on Monday.
The dollar was trading at 111.47 yen JPY= after falling nearly 2 percent last week, while the euro inched down 0.1 percent to $1.11900 EUR= after rising to a six-month high of $1.1212 on Friday.
Signs from the government bond markets did not bode well for the greenback. U.S. bond yields have gently drifted lower in recent days cutting the yield premium U.S. Treasuries earn versus other bond markets such as German or Japanese official debt.
Net long positioning on the euro rose to its highest in more than three years in the week ended May 16, according to calculations by Reuters and Commodity Futures Trading Commission data issued on Friday.
Recent economic improvement in the euro zone has raised market expectations the European Central Bank will tone down its dovish language at its next Governing Council meeting next month.
Oil CLc1 clung on to Friday's gains trading around $50.69 per barrel.
Signs from the government bond markets did not bode well for the greenback. U.S. bond yields have gently drifted lower in recent days cutting the yield premium U.S. Treasuries earn versus other bond markets such as German or Japanese official debt.
Net long positioning on the euro rose to its highest in more than three years in the week ended May 16, according to calculations by Reuters and Commodity Futures Trading Commission data issued on Friday.
Recent economic improvement in the euro zone has raised market expectations the European Central Bank will tone down its dovish language at its next Governing Council meeting next month.
Oil CLc1 clung on to Friday's gains trading around $50.69 per barrel.
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