• The dollar index against a basket of major currencies as up 0.1 percent at 99.249 after dropping to 98.858overnight, its lowest since Nov. 11.
The index had risen to a 14-year high near 104.00 in early January when expectations for inflation-boosting stimulus under the Trump presidency were at their peak.
The dollar rose 0.1 percent to 110.800 yen following its slide to a four-month low of 110.110 overnight.
The euro was a shade lower at $1.0861, nudged away from a 4-1/2-month peak of $1.0906 scaled the previous day.
• The dollar remains on biased towards the downside as expectations that the Trump administration will be able to deliver on tax reform and infrastructure spending recede, said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo.
• The case for four interest rate hikes in the United States this year is not yet solid and would require a stronger lift in inflation, Chicago Federal Reserve Bank President Charles Evans said at an event in Madrid.
Evans said he saw three rate hikes in 2017 as "plausible", but added that two or four increases were also a possibility.
• Dallas Federal Reserve Bank President Robert Kaplan said on Monday that he will support further interest rate hikes if the U.S. economy continues to make progress towards its goals of full employment and 2-percent inflation.
• The U.K. government is set to start the process of leaving the EU next Wednesday. The EU wants the first negotiating points to be on citizens' rights and the Irish border as well as the exit bill.
• Oil prices finished lower Monday, pressured by another weekly rise in the U.S. oil-rig count and uncertainty over whether OPEC will extend its production cuts into the second half of the year.
May West Texas Intermediate crude CLK7, +0.52% fell 24 cents, or 0.5%, to settle at $47.73 a barrel on the New York Mercantile Exchange—giving back nearly all of th e nearly 0.6% gain it saw Friday. May Brent crude LCOK7, +0.37% on the ICE Futures exchange in London eased by 5 cents, or 0.1%, to $50.75 a barrel.
Reference: Reuters, Market Watch
Thai
Eng