The dollar hovered near seven-month lows against major currencies on Monday after the Federal Reserve's announcement of aggressive monetary easing last week dampened the outlook for the US currency. The dollar index, which measures the US unit's value against a basket of currencies, stood at 78.888, not far from the 78.601 set on Friday, a level last seen in late February.
The euro was little changed at $1.3124 in volatile trading, having hit $1.3169 on Reuters data, the highest since early May and rebounding from a session low of $1.3082. The euro on Monday hit an eight-month high against the safe-haven Swiss franc at 1.21849 francs on EBS. The Japanese yen weakened broadly, with the euro rising 0.3 percent to 103.24 yen. The dollar gained 0.3 percent to 78.66 yen, having touched a one-week high of 78.92.
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