The dollar rose to its highest level against the euro since mid-April Monday after hawkish comments from San Francisco Federal Reserve President John Williams over the weekend reiterated the case for raising interest rates in December.
The euro traded at $1.0626 late Monday, compared with $1.0649 late Friday in New York. The shared currency traded as low as $1.0593 early in the session, its lowest level since mid-April, according to FactSet data.
The ICE U.S. Dollar Index a measure of the dollar’s strength against a basket of six rival currencies, rose 0.2% to 99.7880.
The British pound traded at $1.5110 late Monday, its weakest level in two weeks. That’s compared with $1.5192 late Friday.
The dollar rose to ¥122.88, compared with ¥122.77 late Friday