The dollar rose for the second day in a row against other major currencies on Monday during Asian trading, supported by strong data on the labor market in the United States and the demand for a safe haven driven by the risks witnessed in the ceasefire agreement between Washington and Tehran.
The euro fell 0.2% to $1.1757, the yen fell 0.3% to 157.155 yen per dollar, and the British pound fell 0.3% to $1.3590. The risk-sensitive Australian dollar lost 0.2% to $0.7229, while its New Zealand counterpart lost 0.3% to $0.5948.
Alex Low, an analyst at TD Securities in Singapore, said that the factors that may negatively affect the dollar “have become more ambiguous after the opposition of members of the Federal Reserve, who tend to tighten monetary policy, strong American data, and the continued stalemate in the Middle East,” according to Reuters.
