Investing.com - The dollar remained broadly higher against the other main currencies on Monday after an above forecast U.S. jobs report bolstered expectations for a rate hike from the Federal Reserve later this year.
The Labor Department reported that the U.S. economy added 280,000 jobs in May, well ahead of economists forecast for 220,000.
The upbeat data underlined the view that the economy is on track to rebound after a weak first quarter and bolstered expectations that the Fed could start to hike interest rates at its September policy meeting.
The dollar rose to 13-year highs of 125.84 against the yen on Friday and was last at 125.53.
The yen showed little reaction after data on Monday showed that Japan’s gross domestic product was revised up to an annualized 3.9% in the first quarter from an initial estimate of 2.4% growth.
Japan’s economy expanded by a revised 1.0% on a quarter-over-quarter basis, compared with a preliminary reading of 0.6%.
The dollar was also stronger against the euro, with EUR/USD last at 1.1100 after falling more than 1% on Friday.
The euro remained under pressure as a standoff between Greece and its lenders continued.
Over the weekend European Commission President Jean-Claude Juncker urged Greek Prime Minister Alexis Tsipras to come up with alternative economic reforms "swiftly" so that negotiations could continue this week.
Athens delayed a key debt payment to the International Monetary Fund on Friday after Tsipras rejected the proposed reforms put forward by the EC as “absurd”.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 96.28, not far from Friday’s highs of 96.95.