The dollar rose against most other major currencies on Monday, particularly strengthening versus the yen, as reduced risk sentiment prompted investors to sell the haven Japanese currency.The greenback USDJPY, +0.20% advanced to ¥114.12 after trading at ¥113.29 late Friday in New York.
Investor sentiment has turned positive after a rally in commodities and banking shares that elevated European markets and U.S. stocks Friday. The positive mood has translated into a sharp recovery for Japan’s benchmark Nikkei Stock Average NIK, +0.90% which ended up 7.2%.
In other currency-pair trading, the euro EURUSD, +0.0090% dropped against the dollar to exchange hands at $1.1175 from $1.1255 late Friday in New York.
The pound GBPUSD, +0.0139% also fell, trading at $1.4472, down from $1.4504.
The ICE dollar index DXY, +0.06% a measure of the dollar against a basket of major currencies, rose 0.6% to 96.541.
The WSJ Dollar Index BUXX, -0.04% rose 0.3% to 89.24.
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