The British pound changed hands at $1.2804, declining 0.05 percent versus the dollar. European Union leaders sealed a Brexit pact on Sunday calling it the "best possible" deal that Britain could have achieved.
A vote in the British parliament is expected to take place just before the next EU summit on Dec. 13-14 and most analysts expect sterling to remain subdued until then.
With Brexit issues apparently settled in the immediate-term, currency traders are looking to the upcoming G20 meeting in Buenos Aires on Nov. 30, where U.S. President Donald Trump and Chinese President Xi Jinping are expected to discuss contentious trade matters.
"If there is some sort of truce which comes out of this deal, we will see money coming out of the safe haven dollar," said Rodrigo Catril, senior currency strategist at National Australia Bank.
"This would bode well for the riskier currencies such as the Aussie, kiwi dollar and the Asian emerging market currencies."
The yen changed hands at 113.22, with the dollar gaining 0.25 percent over the Japanese currency.
The euro traded marginally lower at $1.1335. The single currency lost 0.7 percent versus the greenback last week on weak economic data out of the common area.
• Japanese manufacturing activity expanded at the slowest pace in two years in November and new orders contracted for the first time since September 2016, a preliminary survey showed, raising doubt about growth prospects for the current quarter.
The Flash Markit/Nikkei Japan Manufacturing Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 51.8 in November from a final 52.9 in October.
The index for new orders dropped to 49.6 from 52.6 in October, while that for new export orders showed expansion, though at a slower pace.
• Italy could consider “fine tuning” its deficit goal to avoid market turbulence, a junior minister told Il Messaggero in an interview, signaling a possible negotiation between Rome and Brussels to avoid a disciplinary procedure against Italy.
Rome risks being put under a disciplinary procedure by European partners after it presented an expansionary 2019 budget, revising up fiscal targets compared with goals agreed by the previous government.
• Italy’s government will meet on Monday evening to discuss a potential reduction of its deficit goal, a government source said, in a move that could open negotiations between Rome and Brussels to avoid a disciplinary procedure against Italy.
• Oil prices on Monday clawed back some losses from a nearly 8 percent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks.
Front-month Brent crude oil futures LCOc1 rose $1.31, or 2.2 percent, to $60.11 per barrel by 0643 GMT.
U.S. West Texas Intermediate (WTI) crude futures CLc1, were up 66 cents, or 1.3 percent, at $51.08 per barrel.
• The steep plunge in crude futures in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks.
Those assets had done well in recent years, boosted by economic growth in nations such as China, India and Indonesia.
But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar.
Reference: Reuters, CNBC
Thai
Eng