Today in the Market

In Currency Markets the U.S. dollar fell on Monday after posting its biggest weekly rise this year as investors took profit and grew cautious amid news that President Donald Trump’s former campaign manager faces charges of conspiracy against the United States. The day’s risk aversion lifted the Japanese yen often sought in times of geopolitical uncertainty, against the greenback. The dollar was last down 0.25 percent to 113.41 yen, near a one-week low.  The dollar was flat against the euro, which fellafter the release of German inflation data that showed prices had stalled. The euro was last at $1.1614, hanging above a three-month low touched Friday. Sterling rose 0.3 percent against the dollar as traders bid the currency higher on the expected rate rise.

In Commodities Markets  Brent oil fell but held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices. Brent crude futures were down 1 cent to $60.43 per barrel and yet the benchmark was still close to its highest level since July 2015. U.S. West Texas Intermediate crude futures were 2 cents higher at $53.92 a barrel. Spot gold was at $1,271.59 an ounce, little changed from its late Friday level but well off that session’s three-week low of $1,263.35. Silver was down 0.7 percent at $16.70 an ounce. Platinum was 0.1 percent higher at $915.20 an ounce, while palladium was up 0.1 percent at $966.20.

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