Hong KongThe franc rose almost 1% and the yen 0.7%.
Democratic wins in early US results gave the dollar its worst day in a month.
Brent crude fell more than 7% Monday after Tehran said US contacts continued, and the dollar index hit a one-month low.
OCBC strategist Sim Moh Siong wrote that AI-driven stock losses and election risks still support the dollar.
Economists polled expect the Bank of England to raise Bank Rate to 4.0% from 3.75% this week.
How each outlet framed it
- Bloomberg Business
- Reuters
- maps the FX move through energy prices and US election risk, quoting OCBC's 'cheaper energy is reshaping FX dynamics'
Sources: Bloomberg Business, Reuters