LONDON—The risk-sensitive Australian dollar rallied and the safe-haven yen dipped to a nearly three-month low on Monday, as fears of widespread market contagion from indebted China Evergrande Group receded. Rising commodity prices also helped the Aussie and Norway’s crown, while the yen was pressured as higher U.S. yields attracted Japanese investor money. The euro traded little changed at $1.17205, largely ignoring developments in German elections at the weekend, with the Social Democrats projected to narrowly defeat the CDU/CSU conservative bloc. The dollar index, which measures the U.S. currency against six major rivals, hovered in the middle of its range of the past week, trading slightly higher at 93.40. “It seems to be pretty much a continuation of last week, high-betas performing well, havens lagging behind the pack, with the FX market really just following the improvement in sentiment that we have seen more broadly—stocks snapping a two-week losing run, and …