The dollar fell to its lowest level in about two weeks against a basket of currencies after recent strong gains. U.S. Treasury yields eased as bond investors awaited consumer price data although they were not expecting it to alter the Federal Reserve’s plans for an aggressive interest rate hike.
MSCI’s gauge of stocks across the globe rose 1.15%, boosted by news that Ukrainian forces had advanced against Russia. 10-year notes last rose 10/32 in price to yield 3.2831%, from 3.321% late on Friday.
Consumer price data on Tuesday is expected to show headline inflation to have risen 8.1% year-over-year in August. Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed.
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