Reuters

German industrial production fell in September after surging a month earlier, but output still grew by 0.8 percent in the third quarter as a whole and should increase further in the months ahead, the Economy Ministry said.

Oil prices largely held on to gains on Tuesday after posting the biggest rise in six weeks a day earlier, buoyed by moves by Saudi Arabia’s crown prince to tighten his grip on power and rising tensions between the kingdom and Iran.

The dollar sagged on Tuesday, knocked away from an eight-month highs versus the yen down as Treasury yields slipped on uncertainty over whether the Republicans can pass their tax bill in a timely manner.

Republican lawmakers on Monday began revising their proposed overhaul of the U.S. tax code, as Democrats pointed to the loss of popular deductions as proof the legislation was an assault on the middle class.

Prime Minister Theresa May’s government said it would submit legislation to parliament on Tuesday needed to let Britain pursue an independent trade policy once it leaves the European Union.

The Canadian dollar strengthened to a 12-day high against its U.S. counterpart on Monday as oil climbed, while investors awaited a speech on Tuesday from Bank of Canada Governor Stephen Poloz.

The Federal Reserve Bank of New York confirmed on Monday that William Dudley, among the most influential monetary policymakers throughout the financial crisis and its aftermath, expects to retire by mid-2018, raising another question over leadership at the U.S. central bank less than a week after President Donald Trump chose a new Fed chief.

Oil jumped to its highest in over two years on Monday as Saudi Arabia’s crown prince cemented his power through a crackdown on corruption, while world shares eased a notch and major currencies traded in tight ranges.

European shares edged lower on Monday after a strong run, with declines in Asia weighing as some earnings disappointments also took the shine off early deals.

Gold prices on Monday held near a one-week low hit in the previous session, as the dollar firmed after largely upbeat U.S. economic data reinforced the prospects of another rate hike by the Federal Reserve next month.