Dollar rises vs. rivals, recovers from recent U.S. data

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© Reuters.  Dollar regains ground vs. counterparts in thin trade© Reuters. Dollar regains ground vs. counterparts in thin trade

Investing.com – The dollar rose against a basket of other major currencies on Monday, as it recovered from the previous week’s disappointing U.S. data.

Sentiment on the dollar remained vulnerable as investors pushed back expectations for higher U.S. interest rates after a recent string of soft economic data dampened optimism on the country’s recovery.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.38% to 97.99.

EUR/USD dropped 0.55% to 1.0748.

The single currency remained under pressure amid concerns that Athens is no closer to reaching an agreement on economic reforms for bailout funds with its creditors, fuelling fears that Greece could be forced out of the euro zone.

The pound was also lower, with GBP/USD down 0.19% to 1.4932.

Elsewhere, the dollar was steady against the yen, with USD/JPY at 118.91 and higher against the Swiss franc, with USD/CHF climbing 0.55% to 0.9574.

The Australian and New Zealand dollars were almost unchanged, with AUD/USD near three-week highs at 0.7788 and NZD/USD close to recent three-month highs at 0.7693.

Meanwhile USD/CAD slipped 0.26% to trade at 1.2215.



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