The dollar moved higher against the Canadian dollar and Norwegian krone as West Texas Intermediate crude futures gave up early Monday gains.The dollar USDCAD, -0.12% rose to 1.165 Canadian dollars, its highest level since last Wednesday. The buck traded around 1.16 loonies Friday. The move came as West Texas Intermediate crude CLG5, +1.50% futures for February delivery lost 1.7% to $56.12.
The dollar USDNOK, -0.07% rose to 7.42 krone, its highest level since last Wednesday. It traded at 7.35 on Friday.
The ruble USDRUB, -0.30% continued its recovery against the dollar, rising to 55.84 per dollar, compared with 59.46 late on Friday, although it is still down more than 40% against the dollar this year.
The dollar USDJPY, +0.08% rose to 120 yen, its highest level in more than two weeks, benefiting from the Federal Reserve’s signal that it will raise interest rates in 2015. It traded at ¥119.52 Friday.
After trading higher against the dollar for most of the North American trading day, the euro traded flat at $1.222 EURUSD, +0.02%
The ICE U.S. Dollar Index DXY, -0.08% , a measure of the greenback’s strength against a trade-weighted basket of six currencies, was up 0.17% to 89.7490.
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