NEW YORK, July 22 (Xinhua) -- The U.S. dollar strengthened against its major rivals on Monday as investors awaited major central banks' next monetary moves.
Market expectations for the Federal Reserve to lower interest rates in July were 100 percent, according to CME Group's FedWatch tool late Monday, with investors pricing in some 22.5 percent chance of a more aggressive cut.
Investors were also waiting for Thursday's European Central Bank meeting, which will likely give out policy easing signals.
The dollar index, which measures the greenback against six major peers, rose 0.12 percent at 97.2628 in late trading.
In late New York trading, the euro decreased to 1.1211 dollars from 1.1219 dollars in the previous session, and the British pound was down to 1.2481 dollars from 1.2499 U.S. dollars in the previous session. The Australian dollar was down to 0.7035 dollar from 0.7043 dollar.
The U.S. dollar bought 107.87 Japanese yen, higher than 107.77 Japanese yen of the previous session. The U.S. dollar fell to 0.9816 Swiss franc from 0.9825 Swiss franc, and it was up to 1.3112 Canadian dollars from 1.3062 Canadian dollars. Enditem