Investing.com – The greenback reached a peak of three weeks Monday after optimistic figures on employment has emphasized the strength of the u.s. economy, even as the u.s. federal Reserve has paused the tightening of its monetary policy.
The figures optimistic on jobs released on Friday, as well as data on manufacturing activity from the ISM, have helped to alleviate the concerns about a potential slowdown.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.27% to 95,553 at 10h42 ET (15h42 GMT).
Investors have rapidly reduced their expectations that the Fed may need to lower its interest rates later this year. Last week, the Fed announced that it would evaluate the data before making adjustments to its monetary policy.
The dollar rose against the yen, with USD / JPY which rose 0.5% and is trading at 109.43.
Elsewhere, the euro was under pressure, with the EUR / USD down 0.14% to 1,135, while the GBP / USD is stable at 1,3078.
In Australia, the AUD / USD fell 0.5% to 0,7211 while traders await the meeting of the general policy of the Reserve Bank of Australia Tuesday, where she is expected to keep its rates unchanged.
The NZD / USD fell 0.3% to 0,6872.
During this time, the loonie was down with USD / CAD up 0.2% to 1.3131.