Investing.com - The dollar held onto gains against the other majors currencies on Monday, as fresh hopes that Hillary Clinton could win the upcoming presidential election boosted demand for the greenback.
EUR/USD dropped 0.72% to 1.1060, the lowest since November 2.
Recent opinion polls have pointed to an increasingly uncertain outcome for the U.S. presidential election, rattling global financial markets and pressuring the dollar lower.
However, hopes for a Clinton win mounted after the FBI informed Congress over the weekend that it had "not changed its conclusions" on the private email server maintained by the Democratic candidate.
The greenback also remained supported after the Labor Department said the U.S. economy added 161,000 jobs in October from the prior month and that the unemployment rate ticked down to 4.9%.
The data supported expectations for a December rate hike by the Federal Reserve.
In the euro zone, data earlier showed that German factory orders fell 0.6% in September, confounding expectations for a 0.3% rise. Factory orders increased 0.9% in August, whose figure was revised from a previously estimated 1.0% climb.
Elsewhere, GBP/USD retreated 0.70% to 1.2429, off Friday’s one-month peak of 1.2559.
The pound had strengthened broadly after the UK high court ruled last week that the government does not have the authority to trigger Article 50 of the Lisbon Treaty to start the UK’s exit from the EU without a parliamentary vote.
USD/JPY rallied 1.22% to a one-week high of 104.35, while USD/CHF gained 0.70% to 0.9750.
The Australian dollar edged higher, with AUD/USD up 0.09% at 0.7682, while NZD/USD slipped 0.10% to 0.7316.
Meanwhile, USD/CAD edged 0.10% lower to 1.3388.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.72% at 97.64, off Friday’s three-and-a-half week lows of 96.94.