· The dollar held to large gains on Tuesday following a sharp rebound against the yen and euro, lifted by improving investor risk sentiment as worries over North Korea and Hurricane Irma receded.
The dollar index .DXY, which tracks the greenback against a basket of six major currencies, was up 0.66 percent at 91.955.
The dollar was steady at 109.345 yen JPY= after rallying 1.4 percent overnight, its biggest one-day surge since mid-January. It had slumped to a 10-month low of 107.320 yen on Friday, when Hurricane Irma threatened Florida and as financial markets braced for North Korea's founding day on Sept. 9.
The euro was little changed at $1.1962 EUR= after shedding 0.7 percent overnight. The common currency had reached $1.2092, its highest since January 2015, on Friday when the dollar suffered a broad retreat.
· The United Nations Security Council unanimously stepped up sanctions against North Korea on Monday over the country’s sixth and most powerful nuclear test on Sept. 3, imposing a ban on the country’s textile exports and capping imports of crude oil.
· Republican infighting over the fate of immigrants brought illegally to the United States as children could be so vitriolic that the party loses control of the U.S. House of Representatives next year, Steve Bannon, a former adviser to President Donald Trump, said in an interview airing on Sunday.
· Storm-shocked Floridians returned to their shattered homes on Monday as the remnants of once-powerful Hurricane Irma pushed inland, leaving well over half of residents without power and flooding cities in the state’s northeastern corner.
Downgraded to a tropical storm early on Monday, Irma once ranked as one of the strongest Atlantic hurricanes on record days before barreling into the Florida Keys on Sunday and plowing northward along the Gulf Coast to wreak havoc across a wide swath of the state.
· British lawmakers on Tuesday voted in favor of legislation to sever political, financial and legal ties with the European Union at its second reading, allowing the bill to move to the next stage of the parliamentary process.
· Oil prices rose on Monday as key U.S. refineries began restarts following Hurricane Harvey, which may help revive crude oil processing, while fuel prices fell as Hurricane Irma is likely to clip demand for gasoline and diesel.
The possibility of an extension to the 15-month production pact between members of the Organization of the Petroleum Exporting Countries and non-OPEC producers also helped to support prices, traders said.
Brent crude oil futures settled up 6 cents, or 0.1 percent, to $53.84 a barrel while U.S. West Texas Intermediate crude rose by 59 cents, or 1.2 percent, to $48.07.
Reference: Reuters, CNBC
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