· The dollar slumped on Monday amid geopolitical tension in North Korea, as investors braced for the annual central banking conference in Jackson Hole this week where the world's top central bankers may signal their next policy actions.
- The dollar index, which tracks the greenback against a basket of six major rivals, was steady on the day at 93.108 .DXY.
- In afternoon trading, the dollar fell 0.4 percent against the yen to 108.81 yen JPY=.
- The euro, meanwhile, rebounded from the day's low to trade up 0.4 percent at $1.1810 EUR=. It held well below a 2-1/2-year high above $1.19 hit earlier this month, as markets bet the euro's double-digit gains this year may be too much for a central bank that is still wary of removing stimulus.
Despite recent losses, it is still up more than 11 percent this year, making it the best performing currency in the G10 currency space.
· South Korean and U.S. forces began computer-simulated military exercises on Monday in the wake of North Korea's weapons programs, angering the Asian communist regime. North Korea denounced the exercises as preparations for a nuclear war.
· Two North Korean shipments to a Syrian government agency responsible for the country's chemical weapons program were intercepted in the past six months, according to a confidential United Nations report on North Korea sanctions violations.
· President Donald Trump has signed off on sending 4,000 more troops to Afghanistan, Fox News reported on Monday, citing a senior U.S. official.
· Britain urged the European Union on Monday not to separate goods from services in Brexit talks, further outlining its negotiating stance to try to nudge discussions forward to a second phase on future relations.
"3rd round of Brexit negotiations with UK begins next week. Focus on orderly withdrawal," Barnier tweeted. "Essential to make progress on citizens rights, settling accounts and Ireland."
· Britain is confident its Brexit talks with the European Union are making sufficient progress to move to a second phase in the negotiations to discuss its future partnership by October, a spokeswoman for Prime Minister Theresa May said on Monday.
· Oil prices fell nearly 2 percent ahead of monthly contract expiration on Monday, pulling back from last week's rally built on signs the global market is starting to rebalance from chronic oversupply.
Brent crude futures LCOc1 settled down 2 percent, or $1.06 at $51.66 a barrel, while U.S. West Texas Intermediate crude futures CLc1 ended down $1.14 a barrel, or 2.4 percent, at $47.37 a barrel ahead of the September contract's expiration on Tuesday.
· OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait's oil minister Essam al-Marzouq told Kuwait TV on Monday.
Reference: Reuters
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