Oil’s continued decline weighed on resource-linked currencies like the Canadian dollar USDCAD, -0.1189% while bolstering safe-haven plays like the yen.
The dollar USDJPY, -0.13% fell to ¥118.43 from ¥118.84 late Friday in New York. The greenback weakened against the euro EURUSD, -0.0092% which rose to $1.0833 from $1.0796, despite a larger-than-expected deterioration in Germany’s Ifo business-sentiment survey for January.
The British pound GBPUSD, -0.1404% traded at $1.4255, compared with $1.4267 Friday.
The ICE U.S. Dollar Index DXY, -0.01% a measure of the dollar against a basket of major currencies, was down 0.2% at 99.3690.
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