The dollar index .DXY, which tracks the greenback against a basket of six major currencies, was up 0.66 percent at 91.955.
The
index had hit a more than 2-1/2-year low of 91.011 on Friday as
investors fretted about the short-term impact of Irma on the U.S.
economy and simmering tensions with North Korea.
The euro EUR= fell 0.67 percent to $1.1952 against the greenback, while the Japanese yen weakened 1.52 percent at 109.47 per dollar.
Germany’s benchmark 10-year bond yield pulled further away from recent 2-1/2 month lows and yields on benchmark U.S. Treasury debt rose from 10-month lows.
The 10-year U.S. Treasury note US10YT=RR last fell 21/32 in price to yield 2.134 percent, up from 2.061 percent late on Friday.
German Bunds DE10YT=RR last fell 2 basis points in price to yield 0.336 percent.
Oil prices rose as the upward pressure from U.S. refinery restarts and Saudi talks to extend production cuts outweighed demand fears driven by Irma’s continued pounding of Florida.
Losses were capped by weekend talks between Saudi Arabia’s energy minister and counterparts over a possible extension to a pact to cut global oil supplies beyond next March.
Brent crude oil futures for November delivery LCOc1 settled up 6 cents at $53.84 a barrel, while benchmark U.S. West Texas Intermediate crude CLc1 rose by 59 cents to $48.07.
Spot gold XAU= dropped 1.4 percent to $1,327.40 an ounce. U.S. gold futures GCcv1 fell about 1.3 percent to settle at $1,335.70 an ounce.
The euro EUR= fell 0.67 percent to $1.1952 against the greenback, while the Japanese yen weakened 1.52 percent at 109.47 per dollar.
Germany’s benchmark 10-year bond yield pulled further away from recent 2-1/2 month lows and yields on benchmark U.S. Treasury debt rose from 10-month lows.
The 10-year U.S. Treasury note US10YT=RR last fell 21/32 in price to yield 2.134 percent, up from 2.061 percent late on Friday.
German Bunds DE10YT=RR last fell 2 basis points in price to yield 0.336 percent.
Oil prices rose as the upward pressure from U.S. refinery restarts and Saudi talks to extend production cuts outweighed demand fears driven by Irma’s continued pounding of Florida.
Losses were capped by weekend talks between Saudi Arabia’s energy minister and counterparts over a possible extension to a pact to cut global oil supplies beyond next March.
Brent crude oil futures for November delivery LCOc1 settled up 6 cents at $53.84 a barrel, while benchmark U.S. West Texas Intermediate crude CLc1 rose by 59 cents to $48.07.
Spot gold XAU= dropped 1.4 percent to $1,327.40 an ounce. U.S. gold futures GCcv1 fell about 1.3 percent to settle at $1,335.70 an ounce.
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