Investing.com - The dollar was higher against other major currencies on Monday, as Friday’s upbeat U.S. data continued to support and as concerns over sanctions against Deutsche Bank (DE:DBKGn) continued to ease.
EUR/USD eased 0.08% to 1.1230.
The greenback strengthened after the University of Michigan said in a revised report on Friday that its consumer sentiment index hit 91.2 in September, up from a previous estimate of 89.8 and beating expectations for a reading of 90.0.
Data also showed that the Chicago purchasing managers’ index rose to 54.2 this month from 51.5 the previous month, exceeding expectations for an uptick to 52.0.
USD/JPY was little changed at 101.39.
Meanwhile, market sentiment improved following reports late last week that Deutsche Bank is nearing a deal to settle a mortgage-securities investigation by paying a $5.4 billion fine, well below the Justice Department’s original proposal of $14 billion.
GBP/USD slid 0.35% to trade at 1.2934.
Investors were looking ahead to a report on U.K. manufacturing activity due later in the day, for further indications on the strength of the economy post-Brexit.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.10% at 95.48, after hitting a more than one-week high of 95.89 on Friday.