Investors were also buoyed by a reading that showed German industrial production grew 0.6% in September from the previous month.
In that framework, the pound reversed its initial losses and improved 1.4% to $1.1534while the euro hit its highest since October 27, advancing 0.69% to 1.0029 units.
For its part, the dollar index, which compares a safe asset such as the greenback with a basket of six leading currencies, it lost 0.59% to 110,070 units, after falling almost 2% at the end of last week.
Investors now eagerly await a reading of the US consumer price index data on Thursday. Analysts polled by Reuters expect headline CPI to hit 8% year over year in October, down slightly from 8.2% in September.
Among the cryptocurrencies, bitcoin was down 1.41% at $20,837 and ethereum was down 2.76% at $1,600.30.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
