The United States dollar advanced against several other major currencies on Monday, as worries about additional interest rate hikes affected market sentiment.
Moreover, the latest manufacturing data apparently offered more evidence that the nation's economy is still resilient and that the inflation battle will not be over quickly.
The euro lost 0.74% to the dollar, selling for 1.04940 at 10:58 am ET and the pound was down 0.65% to $1.21204. The American currency rose by 0.32% to ¥149.8445 at 10:59 am ET.
