· "Better-than-expected US data helped ease fears about the US growth outlook (for the moment) while the rebound in China's manufacturing data continued to ripple across global markets," analysts at ANZ Research said in a morning note. "Recession chatter very much took a back seat as the US yield curve bear steepened."
The dollar index, which measures the greenback against a basket of peers, last traded at 97.336, climbing from levels near 96.600 in the previous week.
· U.S. government debt yields rose Monday as strong manufacturing data in the United States and China triggered a pivot toward riskier assets.
The yield on the benchmark 10-year Treasury note rose 8 basis points 2.499 percent, while the yield on the 30-year Treasury bond climbed to 2.894 percent. Bond yields move inversely to prices.
· The dollar hit a two-week high against the yen on Tuesday, as ebbing concerns about the global economy pushed U.S. bond yields up from 15-month troughs.
The greenback was steady at 111.37 yen after touching 111.46, its highest since March 20.
The 10-year Treasury yield stood at 2.492 percent, pulling back from a 15-month low of 2.34 percent brushed last week when risk aversion driven by concerns towards a global economic slowdown gripped the financial markets.
The euro was down 0.1 percent at $1.1205. The single currency brushed $1.1198, its lowest since March 8, and was headed for its sixth straight day of losses.
· Britain was no nearer to resolving the chaos surrounding its departure from the European Union after parliament failed on Monday to find a majority of its own for any alternative to Prime Minister Theresa May’s divorce deal.
The option that came closest to getting a majority was a proposal to keep Britain in a customs union with the EU, which was defeated by three votes.
· Sterling fell across the board on Monday as uncertainty rose after British lawmakers failed to find a convincing majority for any alternative option to Prime Minister Theresa May’s Brexit deal.
Sterling fell to $1.3048, down nearly 1 percent from levels before the decision on the vote. Against the euro, it fell by a similar margin to 85.84 pence.
· Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.
Brent crude for June delivery was up by 43 cents, or 0.6 percent, at $68.01 a barrel by 0214 GMT, having risen 27 percent in the first quarter.
U.S. West Texas Intermediate (WTI) futures rose 32 cents, or 0.5 percent, to $60.46 barrel, after posting a rise of 32 percent in the January-March period.
U.S. sanctions on Iran and Venezuela along with supply cuts by members of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers have helped support prices this year, overshadowing concerns about global growth and the U.S.-China trade war.
Reference: CNBC, Reuters
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