Investing.com - The dollar bounced back against the other majors currencies on Monday, after the FBI announced that it will not be charging Hillary Clinton, fuelling fresh hopes that she could win the upcoming presidential election.
EUR/USD dropped 0.66% to 1.1065, 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 tumbled 0.91% to 1.2402, 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 1.30% to a one-week high of 104.43, while USD/CHF gained 0.89% to 0.9767.
The Australian dollar was steady, with AUD/USD at 0.7674, while NZD/USD shed 0.26% to 0.7305.
Meanwhile, USD/CAD was little changed at 1.3410.
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.