Arab-Canadian public speaking coach and author of The Million Dollar Speaker Maher Elusini on how to make your speech command value for time and money
The yen was steady at 106.54 per dollar, having dipped last week as a jump in US yields drew Japanese investment to US Treasuries.
"That's good news in the sense that it's something we can place on the back burner for now," said National Australia Bank senior foreign exchange strategist Rodrigo Catril.
"But there are other uncertainties coming up that need to be resolved," he said, pointing to US politics as a presidential election looms, and new virus hot spots in Europe that could challenge the perception that the euro is on an uptrend.
US President Donald Trump also flagged a broadening of his pressure on Chinese tech firms such as e-commerce giant Alibaba Group Holding Ltd.
The yuan, often a barometer of relations between the two countries, was unmoved in offshore trade on Monday morning, and last traded at 6.9364 per dollar.
ELECTION DELAY
New Zealand delayed a general election by a month as it grapples with a new outbreak of the pathogen, while there have been flare-ups in infections in South Korea, Spain and France.
The euro and sterling were steady in Asia, with the euro last buying $1.1844 and sterling $1.3095.
On the horizon, the Democratic national convention in the United States begins on Monday, and is something of a starting gun for the final sprint to the November election. It culminates in a speech from presumptive nominee Joe Biden late on Thursday.
Markets are also on edge ahead of the release of Federal Reserve minutes on Thursday, looking for any hints of a possible change to the central bank's guidance at its next meeting in September.
Investors are expecting more tolerance in the Fed's approach to inflation, said Chris Weston, head of research at Melbourne brokerage Pepperstone.
"The bond market is key here and if the Fed can drive down real yields then the dollar will follow, and gold will rally - and vice versa," he said.
Arab-Canadian public speaking coach and author of The Million Dollar Speaker Maher Elusini on how to make your speech command value for time and money
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