Monday rallied sharply to a 1-month high and finished up by +1.48%. The dollar surged Monday after the US and China agreed to temporarily lower tariffs on each other's products. Also, Monday's jump in the 10-year T-note yield to a 4-week high strengthened the dollar's interest rate differentials.

Gold rose over 1% on Friday as the dollar ticked lower, while the market digested comments on tariffs from U.S. President Donald Trump ahead of a weekend meeting between the U.S. and China.

Wall Street stock futures jumped and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come.