The U.S. dollar gained against its main rivals Monday as Japan said it dipped back into a recession in the third quarter, while U.S. economic data continued to paint a picture of strong economic growth.The dollar USDJPY, -0.02% traded at 116.47 yen, hovering just below a seven-year high of ¥117.05 yen reached earlier Monday. It traded at ¥116.29 late Friday.
The euro EURUSD, +0.15% fell to $1.2454 Monday, after trading above $1.2500 before Draghi’s remarks. Elsewhere, the euro EURGBP, +0.08% fell to 0.7963 pound, compared to 0.7995 pound before Draghi’s remarks.
The ICE U.S. Dollar Index DXY, -0.20% a measure of the greenback’s strength against a basket of six currencies, gained 0.45% Monday to 87.5250.
The pound USDGBP, -0.07% traded at $1.5644 Monday, compared to $1.5670 late Friday.The pound USDGBP, -0.07% traded at $1.5644 Monday, compared to $1.5670 late Friday.
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