Investing.com – The U.S. dollar surged against most other major currencies on Monday, after official data showed that U.S. personal spending in January had risen higher than forecast.
The greenback was up against the pound and euro, with GBP/USD plunging 2.04% to hit 1.4930 and EUR/USD shedding 0.64% to hit 1.3536. It also rose against the yen and Swiss franc, with USD/JPY rising 0.33% to reach 89.16 and USD/CHF gaining 0.72% to hit 1.0813.
In addition, the U.S. dollar rose against the kiwi, with NZD/USD falling 0.2% to reach 0.6968.
But the greenback was down against its Australian and Canadian counterparts: AUD/USD rose 0.1% to hit 0.8965 and USD/CAD slid 0.44% to hit 1.0471.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.77%.
Earlier in the day, the U.S. Bureau of Economic Analysis said personal consumption expenditures in January increased by USD 52.4 billion, or 0.5%, up from USD 26.4 billion, or 0.3%, in December.
Also Monday, an industry group was set to release key data on the U.S. manufacturing sector.