The dollar held gains from its best week since July as investors look for further signs that the U.S. economy is strong enough for the Federal Reserve to raise interest rates by the end of this year.
The greenback advanced against all of its 16 major counterparts last week after a report on Friday showed the world’s largest economy expanded more than previously forecast in the second quarter and Fed Chair Janet Yellen said the central bank is on track to increase rates by December. The U.S. government will release August figures for personal spending and prices on Monday before announcing payrolls for this month on Oct. 2.
The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, was little changed at 1,214.29 as of 9:01 a.m. in Tokyo, after completing a 1 percent weekly advance on Friday, the biggest since July 17. The gauge has climbed 2.9 percent this quarter.
Central bank officials scheduled to speak this week include New York Fed President William C. Dudley, San Francisco Fed President John Williams and Yellen.