Forex Market Update : Epic Research Singapore

The dollar continued to rise for a fourth straight session on Monday as traders considered whether the solid U.S. jobs report for June will put pressure on the Federal Reserve to hike interest rates sooner than expected.

The ICE dollar index DXY +0.02%  , which measures the U.S. currency against a basket of its rivals, rose 0.02% to 80.227, marking its highest level in almost two weeks, according to FactSet data.

The euro was up slightly against the dollar EURUSD -0.01%  , with the shared currency trading at $1.3607, versus $1.3604 late Thursday. The greenback slipped against the yen USDJPY -0.05%    and traded down 0.4% at ¥101.87, from ¥102.21 late Thursday.

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