The euro rose 0.16% against the greenback to US$1.122, while sterling strengthened 0.1% to US$1.3385. (EPA Images pic)HONG KONG: Major currencies traded in tight ranges on Monday to begin a busy week of central bank decisions and corporate earnings, while a pullback in oil prices and Treasury yields weighed on the dollar.
Oil prices eased, with Brent crude futures down more than 1% at around US$115 a barrel after hitting a six-month high last week, following a Reuters report that Qatari mediators were in Tehran on Sunday as part of an effort to de-escalate regional tensions in coordination with the US.
Meanwhile, US Treasuries largely held onto gains from a recent safe-haven rally, as elevated oil prices kept inflation worries alive and a tech-led selloff over concerns about AI spurred a rotation out of risk assets.
