The dollar USDJPY, +0.13% traded at ¥119.30 late Monday in New York, after falling to ¥118.70 earlier in the session, its lowest level since Oct. 15, according to FactSet data. The dollar traded at ¥120.27 late Thursday in New York.
Higher interest rates in the U.S. may not be enough to support the dollar in January if economic growth stagnates elsewhere.
The dollar strengthened against most of its other rivals. The euro traded at $1.0833 late Monday, compared with $1.0861 late Friday. The shared currency briefly fell to a one-month low of $1.0781 earlier in the session.
The ICE Dollar Index DXY, +0.03% which measures the greenback’s strength against a basket of six rivals, rose 0.2% to 98.8370.
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