U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against the other major currencies in the Asian session on Monday. The U.S. dollar rose to a 6-year high of 0.7327 against the Australian dollar, a 3-month high of 0.9630 against the Swiss franc and nearly a 2-month high of 1.0819 against the euro, from Friday's closing quotes of 0.7368, 0.9607 and 1.0827, respectively. The greenback advanced to 1.5582 against the pound and 124.18 against the yen, from last week's closing quotes of 1.5597 and 124.04, respectively. Against the New Zealand and the Canadian dollars, the greenback edged up to 0.6504 and 1.2998 from Friday's closing quotes of 0.6512 and 1.2968, respectively. If the greenback extends its uptrend, it is likely to find resistance around 0.72 against the aussie, 0.97 against the franc, 1.06 against the euro, 1.52 against the pound, 126.00 against the yen, 0.63 against the kiwi and 1.30 against the loonie.

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