Crude ended the session mixed, as traders watched developments in Iraq and awaited U.S. oil inventory data.
The pound saw losses after comments from the BoE cooled expectations for an interest rate hike, while its G3 counterparts drifted in well-worn ranges.
Gold hit a two-month high, as soft German data and a weaker dollar helped the metal build on last week's gains.
Asian stocks were mostly higher on Tuesday but gains were capped as traders continued to monitor developments in Iraq and Ukraine.
U.S. stock index futures pointed to a higher Wall Street open, ahead of the release of the final estimate for first-quarter GDP.
Stocks fell Monday, with the Dow industrials and S&P 500 not far from record highs.
U.S. Treasurys fell after the market closed lower, with the Dow ending its longest win streak for the year.
European shares closed down on Monday, as investors concentrated on events in Iraq and a slew of euro zone data.
U.S. oil rallied to a nine-month high on the risk of supply disruptions from Iraq, and a contract expiry.
Gold eased on Friday on profit taking after posting its biggest one-day rise in nine months.
Gold steadied near a two-month high as escalating violence in Iraq and geopolitical tensions supported the metal's safe-haven appeal.
Asian equities finished Monday mixed despite upbeat Chinese economic data and a record close on Wall Street.
U.S. stock index futures pointed to a lower open on Monday, as upbeat data from China failed to boost either Asian or European markets.
Most U.S. Treasury prices edged higher on Friday, though long bond prices rallied, as investors focused on inflation concerns.
European shares finished Friday's session slightly higher, with investors contemplating M&A activity and ongoing tensions in Iraq.
The dollar sank to its weakest level in three weeks on Thursday after a cautious message from the Federal Reserve.
Asian stocks turned mixed on Thursday but dovish comments from the U.S. Federal Reserve managed to support sentiment.
The Australian and New Zealand dollars both jumped on Monday, after a promising China manufacturing survey.
Stocks on Thursday were little moved, a day after rallying on reassurances from the Fed.
U.S. stock index futures pointed to a flat-to-lower open on Friday, after the news that Obama will send 300 military advisers to Iraq.
Get the best of CNBC in your inbox
Japan's less-than-sterling rating took a hit from Fitch's downgrade, but its bonds and yen are set to stay impervious to the blow.
The standoff between Greece and its creditors has spawned another rivalry: the battle to coin fresh buzzwords for the protracted drama.
Puerto Rico has been dubbed "Greece in the Caribbean" because of high debt and a flagging economy. Here's a comparison.