The dollar, on the other hand, nursed losses against its peers, after Brainard reiterated her dovish views. All the talk about a possible rate hike in September turned out to be noise," said Koichi Yoshikawa, executive director of finance at Standard Chartered Bank's Tokyo branch. U.S. stocks racked up their strongest gain in two months on Monday, with the Dow rising 1.3% and the S&P 500 gaining 1.5%. Brent crude was down 0.6% at US$48.00 a barrel, after rising 0.65% overnight on a weaker dollar and stronger U.S. equity markets. Copper climbed off a 12-week low as U.S. rate hike jitters subsided.

Source: The Edge Markets September 13, 2016 03:11 UTC