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The dollar rose on Monday after weak economic data in China and a rise in oil prices worried investors that inflation would raise interest rates.
In the Asian session, the dollar rose slightly, tracking US bond yields, halting the decline it suffered last week. It rose about 0.2 percent against the euro and about 0.1 percent against the yen, pushing the Japanese currency to its lowest level in three years.
Monday’s data showed that China’s economy grew at the slowest pace in a year in the third quarter, with factory production slashing due to energy shortages, while oil prices rose more than 1 percent to approach high levels reached in 2018.
The dollar index rose 0.1 percent to 94.102, near its highest level reached last week at 94.563.
In the cryptocurrency market, Bitcoin hovered near its record high of $64,895. Its latest price was $62,393.
The dollar rose in its latest trading, reaching 114.35 yen and 1.1579 against the euro, and rose by 0.2 percent to 0.7402 against the Australian dollar.
The British pound settled at $1.3734, just below the $1.3773 it hit on Friday, its highest level in a month.
The New Zealand dollar jumped nearly half a percent to 0.7105, its highest level in a month, before easing back to $0.7071 after quarterly inflation rose to a 10-year high.
