The Chinese yuan and the Australian dollar hovered below four-month highs touched last week in early Monday trade as investors pored over the U.S.-China trade deal, while sterling stayed strong after a decisive UK general election.

The offshore yuan traded at 7.0026 yuan per dollar, slipping back from a four-month high of 6.9247 per dollar hit last week.

The trade-sensitive Australian dollar fetched $0.6876, easing from Friday's four-month high of $0.6930.

The euro stood at $1.1126, up 0.05% so far in Asia, off four-month peak of $1.1200 set in Asian trade on Friday.

The dollar traded at 109.40 yen, having risen to 109.71 yen on Friday.

Some analysts also noted investors may need to read the fine print of the deal, which has yet to be officially signed.

Elsewhere, sterling gained 0.2% in early Asian trade on Monday to $1.3353.

Source: Reuters