The U.S. dollar climbed against other major currencies on Monday as geopolitical tension eased between the United States and the Democratic People's Republic of Korea (DPRK).
Analysts said the absence of further word of war by U.S. President Donald Trump and DPRK leader Kim Jong Un over the weekend helped move investors out of safe-haven currencies like the Japanese yen and back to the dollar.
The greenback was also boosted by gains of the stocks market. The benchmark S&P 500 stock index was up 1.05 percent, bouncing back from sizable losses touched last week.
The dollar index, which measures the greenback against six major peers, was up 0.42 percent at 93.462 in late trading.
In late New York trading, the euro fell to 1.1778 U.S. dollars from 1.1828 U.S. dollars, and the British pound dropped to 1.2964 U.S. dollars from 1.3022 U.S. dollars. The Australian dollar decreased to 0.7853 U.S. dollar from 0.7902 U.S. dollar.
The U.S. dollar bought 108.22 Japanese yen, higher than 108.97 yen of the previous session. The U.S. dollar added to 0.9723 Swiss franc from 0.9612 Swiss franc, and it edged up to 1.2720 Canadian dollars from 1.2679 Canadian dollars.
Analysts said the absence of further word of war by U.S. President Donald Trump and DPRK leader Kim Jong Un over the weekend helped move investors out of safe-haven currencies like the Japanese yen and back to the dollar.
The greenback was also boosted by gains of the stocks market. The benchmark S&P 500 stock index was up 1.05 percent, bouncing back from sizable losses touched last week.
The dollar index, which measures the greenback against six major peers, was up 0.42 percent at 93.462 in late trading.
In late New York trading, the euro fell to 1.1778 U.S. dollars from 1.1828 U.S. dollars, and the British pound dropped to 1.2964 U.S. dollars from 1.3022 U.S. dollars. The Australian dollar decreased to 0.7853 U.S. dollar from 0.7902 U.S. dollar.
The U.S. dollar bought 108.22 Japanese yen, higher than 108.97 yen of the previous session. The U.S. dollar added to 0.9723 Swiss franc from 0.9612 Swiss franc, and it edged up to 1.2720 Canadian dollars from 1.2679 Canadian dollars.
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