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The dollar rose against a basket of major currencies on Monday in the wake of last week's sturdy US jobs report, with bids supported by higher US government bond yields compared to those of European counterparts. The dollar extended gains against the euro after the European Central Bank unveiled its latest monetary policy measures to combat deflation last week, which included cutting its main rates to record lows.
The US dollar index, which measures the US currency against a basket of six major currencies, was last up 0.31 percent at 80.664. The euro was last down 0.41 percent against the dollar at $1.3587. The dollar was up 0.45 percent against the Swiss franc to trade at 0.8973 francs. That was still some distance, however, from a four-month low of $1.3503 hit last Thursday after the ECB announced its monetary stimulus measures. The dollar was last up 0.06 percent against the Japanese yen at 102.53.

Copyright Reuters, 2014

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