The US dollar rose against the euro on Monday in a continuation of last week's bets that the US Federal Reserve will hike interest rates in the coming months, while the yen edged higher on uncertainty surrounding the Bank of Japan's easing policies.
With little US economic data on tap, recent commentary from Fed officials and minutes from the central bank's March policy meeting suggesting a June rate hike was possible supported the dollar against the euro.
The dollar's strength against the euro was a "spillover" from last week's commentary from the Fed, said Alan Ruskin, global head of currency strategy at Deutsche Bank in New York.
The dollar weakened against the Japanese yen, meanwhile, after hitting a three-week high of 120.845 yen earlier in the session.
The Aussie dollar, considered a liquid proxy of China plays because of the two countries' trade links, hovered near a low of $0.7553 hit earlier in the session, bringing the Aussie back within sight of a six-year low of $0.7534 set earlier in the month.
The euro was last down 0.28 percent against the dollar at $1.05770 after earlier hitting a nearly 1-month low of $1.05205. The dollar was last down 0.07 percent against the yen at 120.190 yen.
The dollar was down 0.11 percent against the Swiss franc at 0.97795 franc after earlier hitting its highest in over three weeks against the franc of 0.98625 franc.
The dollar index, which measures the greenback against a basket of six major currencies, was last up 0.12 percent at 99.456.
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