The dollar rose near a five-week high against the other major currencies on Monday, as investors increased their bets that the Federal Reserve will continue to tighten monetary policy for a longer period while they await the US consumer price report due on Tuesday.<\/p>\n\n\n\n
The yen fell amid expectations that the Japanese government will appoint an official who supports current monetary policy as a new central bank governor on Tuesday.<\/p>\n\n\n\n
The Australian and New Zealand dollars fell as Asian stocks fell on fears that higher US interest rates would slow growth. So did the pound sterling.<\/p>\n\n\n\n
The dollar index – which measures the performance of the US currency against a range of major currencies including the yen, the euro and the pound – rose 0.068 percent to 103.65, remaining close to last Tuesday’s high of 103.96, its highest since January 6.<\/p>\n\n\n\n
The US currency rose 0.6 percent to 132.20 yen.<\/p>\n\n\n\n
The euro lost 0.09 percent, recording $1.06685, after earlier touching the 1.0656 level for the first time since January 9th. The pound was last traded at $1.20475, down 0.1 percent on Monday.<\/p>\n\n\n\n
The Australian dollar fell 0.09% to $0.6912, and the New Zealand dollar fell 0.11% to $0.6304.<\/p>\n","protected":false},"excerpt":{"rendered":"
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