James Gruber

The euro declined 0.1% to 1.1775 US dollars.

The Japanese yen climbed 0.3% to 157.22 yen and the Aussie dollar was up 0.1% to 72.49 US cents.

Let's now head to Wall Street.

The Dow Jones Index finished up 0.2%, the S&P 500 advanced also 0.2%, and the Nasdaq rose 0.1%.

A closer look at the trading day there.

Wall Street was modestly higher on Monday, with the earnings-driven fervor of the recent rally easing, as stalled US-Iran peace negotiations and the ongoing closure of the Strait of Hormuz drove crude prices higher and exacerbated inflation worries.

Even so, AI-related momentum continued, with chipmakers handily outperforming the broader market, up 2.5%.

Among the 11 major sectors of the S&P 500, energy stocks boasted the largest percentage gains, while communications services were the biggest laggards.

Intel rose 4% after surging 14% on Friday on a report of a preliminary chipmaking agreement with Apple,

while Piers, Qualcomm and Micron jumped 9% and 7% respectively to record highs.

Media major Foxcorp rose more than 8% after beating third quarter revenue estimates.

Among other movers, some airline stocks slipped as rising oil prices threatened to squeeze margins.

Southwest Airlines, Delta Airlines, Alaska Air and United Airlines fell between 2.9% and 4.4%.

Meanwhile, ResMed shares in the U.S.

lost 3.8% after news that the chairman sold $1 million worth of stock.

U.S.

government bond yields rose as Iran tensions fanned inflation fears.

The U.S.

10-year Treasury yield was up 4 points to 4.41%, while the U.S.

2-year Treasury yield was 6 points higher to 3.95%.