Forex Pros – The U.S. dollar was up against the other major currencies on Monday, amid hopes that the U.S. Federal Reserve would take fresh measures to stimulate U.S. economic growth after recent weak U.S. economic data.
During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.40% to hit 1.3241.
Earlier in the day, official data showed that investor confidence in the euro zone jumped more-than-expected in August.
The greenback was also up against the pound, with GBP/USD shedding 0.05% to hit 1.5958.
The greenback was up against the yen and the Swiss franc, with USD/JPY gaining 0.36% to hit 85.70 and USD/CHF advancing 0.78% to hit 1.0458.
Earlier Monday, Japan's finance minister said he is closely watching the foreign-exchange market, saying "Excessive, disorderly foreign exchange moves would have adverse effects on the stability of the economy."
Meanwhile, the greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.02% to hit 1.0270, AUD/USD slipping 0.33% to hit 0.9161 and NZD/USD shedding 0.67% to hit 0.7284.
Earlier Monday, official data showed that the number of Australian new home loan approvals fell more-than-expected in June, down for the first time in eight months.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.34%.
