The DP World Tour reaches the midway point of its Asian Swing when it returns to action with the ISPS HANDA Championship in Japan
"The dollar's decline appears to have come to a halt for now. Although talks on fiscal spending are locked in a stalemate, we are at least avoiding a complete cutoff of extra jobless benefit," said Minori Uchida, chief currency analyst at MUFG Bank.
U.S. President Donald Trump on Saturday signed executive orders restoring part of enhanced unemployment payments and suspending payroll taxes.
"Compared to market consensus of a stimulus deal worth $1 trillion-$1.5 trillion, economic boosts from the announced measures would be clearly smaller," said Takafumi Yamawaki, head of Japan rates and FX research at JPMorgan.
"Looking at market reactions, investors appear to think that there will be some sort of deal eventually," JPMorgan's Yamawaki.
US congressional leaders and Trump administration officials said on Monday they were ready to resume negotiations on a coronavirus aid deal, although it was unclear whether Democrats and Republicans would be able to bridge their differences.
On Monday, the S&P500 index rose to a five-month high while the yield on 10-year U.S. Treasuries rose to as high as 0.581%, its highest level in more than a week.
Investors are also keeping an eye on the rapidly deteriorating relationship between Washington and Beijing.
China imposed sanctions on 11 US citizens, including Republican lawmakers, following Washington's sanctions on Hong Kong and Chinese officials.
US Treasury Secretary Steven Mnuchin said companies from China and other countries that do not comply with accounting standards will be delisted from U.S. stock exchanges as of the end of 2021.
Elsewhere, the Turkish lira stayed near a record low hit on Friday on concerns about the country's depleting foreign reserves, leading to expectations that the central bank may take more decisive action to stem its fall.
The lira was quoted at 7.320 per dollar, just above Friday's record low of 7.365.
With more wild swings in the Turkish currency expected, implied volatilities, calculated from option prices, have soared, with three-month volatility rising to 26.5%, its highest since April last year.
The DP World Tour reaches the midway point of its Asian Swing when it returns to action with the ISPS HANDA Championship in Japan
The exhibition will focus on key trends such as AI, cloud, and operational technology, as well as bridging the skills gap
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As normalcy resumes at the airport, a few volunteers would continue to be stationed at the airport for a few more days
Thousands of employees across the aviation sector worked together to restore operations and support guests at both DXB and DWC