Currencies: Dollar edges lower as currencies retrace Friday’s moves

Many currencies, including the majors, were retracing last week’s movements on Monday, leading to little action in the U.S. dollar and euro, as well as a rebound from losses in emerging markets.

Friday trading was dominated by the first inversion since 2007 of the 3-month Treasury yield TMUBMUSD03M, -0.65% and 10-year yield TMUBMUSD10Y, -1.52% which sparked fears about an impending recession among investors. However, it didn’t have much sway on the U.S. dollar, which was kept in the green thanks to a selloff in its biggest rival, the euro, following disappointing economic data.

Check out:The yield curve inverted — here are 5 things investors need to know

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