Dollar Holds Near 18-Month High as Strong Jobs Data Boosts Rate-Hike Bets
Tokyo, November 09 (QNA) - The US dollar held near an 18-month high against the euro on Monday, after posting its strongest gain in nearly six months in the previous session as robust US jobs data bolstered expectations for higher interest rates.
The dollar index, which measures the greenback against a basket of six major currencies, slipped 0.1% to 102.11.
The euro rose 0.2% to $1.1159, while the pound gained 0.2% to $1.3381.
Against the Japanese yen, the dollar eased 0.2% to 158.255 yen, after advancing 0.6% on Friday.
Elsewhere, the Australian dollar climbed 0.4% to $0.68875, rebounding from a more than seven-month low, while the New Zealand dollar rose 0.8% to $0.5589 after touching $0.5529 at the end of last week. (QNA)
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