Dollar lingers near three-month peak as bonds sell off
The dollar lingered near three-month peaks on Monday after the U.S. Senate passed a massive stimulus aid that triggered another sell-off in the bond market. Commodity currencies fell as a broad risk sentiment lost momentum.
The dollar index traded at 92.073, up 0.17% and near its three-month peak of 92.201 hit on Friday.
The Senate passed a massive $1.9 trillion coronavirus relief package right after a U.S. jobs data propped the dollar to its strongest since November 2020.
Against the British pound, the dollar stood near a one-month high of $1.3819 and a three-month peak of $1.1904 against the euro.
Against the Japanese yen, the dollar steadied at 108.39 after hitting a nine-month high of 108.645 on Friday.
The Aussie gained 0.2% to $0.7696, but was well below its session high of $0.77230. The kiwi fell 0.1% after earlier hitting 0.4% to $0.719.
The dollar dropped 0.38% to 8.5283 against the krone. It eased to 1.2637 on the Canadian dollar.