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• The euro recovered from one-week lows against the U.S. dollar on Friday as investors took profits on bets against the currency, after it was burdened this week by concerns about Italy’s spending proposals and Britain’s plans to exit the European Union.

EU negotiator Michel Barnier said a Brexit deal was 90 percent done, but also warned that failure to resolve the Irish border question could derail any agreement.

The single currency fell to $1.1433 EUR=, the lowest since Oct. 9, before climbing back to $1.1486. It is down from $1.1621 on Tuesday.

The dollar was a shade softer on the yen at 112.41 yen and little changed against a basket of currencies at 95.683.

• The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the U.S.-China trade war and tightening financial conditions would trigger the next downturn.

A majority out of nearly 150 economists said the top two triggers for the next global downturn were a further escalation of U.S.-Sino trade tensions, and tightening in financial conditions driven by a deep sell-off in global equities or a rapid rise in government bond yields.

• U.S. Treasury Secretary Steven Mnuchin dismissed concerns that China’s weakest economic growth since the global financial crisis could spill into other emerging markets and destabilize U.S. financial markets.

• The Italian government expects the European Commission to decide for the first time ever on Tuesday to ask a member state to revise its draft budget, a government source said on Sunday.

The Commission has slammed as an unprecedented breach of EU fiscal rules Italy’s 2019 budget plan, which aims to lift the deficit to 2.4 percent of domestic output next year from 1.8 percent in 2018.

• Top U.S. lawmakers turned their ire on Saudi Crown Prince Mohammed bin Salman on Sunday and said they believed he ordered the killing of Saudi journalist Jamal Khashoggi, although the Trump administration maintained a more cautious stance.

“Do I think he did it? Yes, I think he did it,” Republican Senator Bob Corker, the influential chairman of the Senate Foreign Relations Committee, said in an interview with CNN.

• Turkish President Recep Tayyip Erdogan said on Sunday that he will make statements about murdered Saudi journalist Jamal Khashoggi during his party's parliamentary group meeting on Tuesday.

Speaking at an event in Istanbul, Erdogan stated that Turkey seeks justice and will reveal the "naked truth."

• Oil prices edged up after suffering their second weekly decline on swelling U.S. inventories and concern that trade wars were curbing economic activity. [O/N]

Brent crude LCOc1 added 10 cents to $79.88 a barrel, while U.S. crude rose 13 cents to $69.25 CLc1.