The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner.

The euro dipped on Monday after a surge last week that followed the hawkish turn from the European Central Bank, as traders turned to the dollar, betting the jump in U.S. jobs created in January could lead to faster U.S. Federal Reserve rate hikes.

The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said.

The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main interest rate in July as investors are expecting, ECB policymaker Martins Kazaks told Reuters.

EUR/USD The currency pair continues to move in an uptrend. The figure of the daily price action confirms the upside potential.

Taiwan's central bank has allowed Deutsche Bank to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown on speculation last February.