Investing.com - The dollar pushed higher against the other majors currencies on Monday, as the growing opinion that Hillary Clinton could win the upcoming presidential election continued to boost demand for the greenback.
EUR/USD declined 0.93% to 1.1036, the lowest since November 1.
The dollar gained ground as 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 on Friday that 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 0.96% to 1.2395, 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 1.32% to a one-week high of 104.45, while USD/CHF advanced 0.95% to 0.9774.
The Australian dollar moved higher, with AUD/USD up 0.26% at 0.7695, while NZD/USD slipped 0.11% to 0.7316.
Meanwhile, USD/CAD held steady at 1.3398.
The loonie was supported by a rebound in oil prices on Monday after OPEC secretary-general Mohammed Barkindo said the Organization is committed to a planned cut in output to 32.5-33 million barrels per day.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.92% at 97.83, off Friday’s three-and-a-half week lows of 96.94 and the highest level since November 1.