• The dollar slid broadly on Monday after U.S. President Donald Trump struck a protectionist tone in his inauguration speech, undermining optimism over the U.S. economy spurred by his promises of tax cuts and other stimulus.
The dollar fell as much as 1.2 percent against the yen to 113.26 yen, edging towards its seven-week low of 112.57 yen touched on Wednesday.
• A move by China's central bank to provide temporary liquidity support marks the creation of a new policy tool designed to ease seasonal cash shortages, while sending the signal that monetary policy remains stable and neutral, the Financial News said in a front-page commentary on Monday.
The use of the "Temporary Liquidity Facility (TLF)", announced by the central bank last Friday, is expected to inject several hundred billion yuan into the banking system, according to the publication, which is affiliated with the People's Bank of China (PBOC).
• Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market.
Brent crude LCOc1, the international benchmark for oil prices, was trading at $55.42 per barrel at 0441 GMT, down 7cents from its last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 fell 11 cents to $53.11 a barrel.
Reference: Reuters
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