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Currency markets subdued ahead of pivotal central bank week
HONG KONG: Major currencies traded in tight ranges on Monday to begin a busy week of central bank decisions and corporate earnings, while a pullback in oil prices and Treasury yields weighed on the dollar. Oil prices eased, with Brent crude futures down more than 1% at around $115 a barrel after hitting a six-month high last week, following a Reuters report that Qatari mediators were in Tehran on Sunday as part of an effort to de-escalate regional tensions in coordination with the US. Meanwhile, US Treasuries largely held onto gains from a recent safe-haven rally, as elevated oil prices ke...
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