Meanwhile, data from China’s General Administration of Customs showed Monday that the country’s dollar-denominated exports rose 9.5% from a year ago while imports declined 2.1% in the same period.

Economists in a Reuters poll had expected a 7.1% rise in the August export figure from a year ago, while imports were forecast to edge 0.1% higher in the same period.

Oil prices slipped in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.01% to $42.23 per barrel. U.S. crude futures declined 1.21% to $39.29 per barrel.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.872 after its ascent last week from levels below 92.0.

The Japanese yen traded at 106.26 per dollar after weakening last week from levels below 105.6 against the greenback. The Australian dollar changed hands at $0.7283 after last week’s slip from levels above $0.732.