Investing.com – The U.S. dollar held onto modest gains against most of its major counterparts on Monday, while the euro remained supported by expectations that the European Central Bank will raise interest rates further this year.
During U.S. morning trade, the greenback was up against the euro, with EUR/USD shedding 0.29% to hit 1.4441.
But the greenback was lower against the pound, with GBP/USD rising 0.18% to hit 1.6412.
Elsewhere, the greenback was lower against the yen but slightly higher against the Swiss franc with USD/JPY dipping 0.02% to hit 84.72 and USD/CHF rising 0.43% to hit 0.9102.
Earlier Monday, a 6.3 magnitude earthquake struck northeastern Japan, triggering a small tsunami warning.
Meanwhile, the greenback was slightly higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD edging up 0.08% to hit 0.9561, AUD/USD shedding 0.25% to hit 1.0537 and NZD/USD dipping 0.06% to hit 0.7822.
Earlier in the day, a report compiled by Business New Zealand showed that confidence among New Zealand businesses rebounded strongly in April on the back of a better assessment of the economy.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.18%.
Also Monday, New York Federal Reserve Bank President William Dudley said the U.S. central bank should not be too enthusiastic about tightening monetary policy soon as there is still significant slack in the economy.
During U.S. morning trade, the greenback was up against the euro, with EUR/USD shedding 0.29% to hit 1.4441.
But the greenback was lower against the pound, with GBP/USD rising 0.18% to hit 1.6412.
Elsewhere, the greenback was lower against the yen but slightly higher against the Swiss franc with USD/JPY dipping 0.02% to hit 84.72 and USD/CHF rising 0.43% to hit 0.9102.
Earlier Monday, a 6.3 magnitude earthquake struck northeastern Japan, triggering a small tsunami warning.
Meanwhile, the greenback was slightly higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD edging up 0.08% to hit 0.9561, AUD/USD shedding 0.25% to hit 1.0537 and NZD/USD dipping 0.06% to hit 0.7822.
Earlier in the day, a report compiled by Business New Zealand showed that confidence among New Zealand businesses rebounded strongly in April on the back of a better assessment of the economy.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.18%.
Also Monday, New York Federal Reserve Bank President William Dudley said the U.S. central bank should not be too enthusiastic about tightening monetary policy soon as there is still significant slack in the economy.