The U.S. dollar surged anew on Monday, with a key dollar index at its best level since late last year, as investors cheered signs of easing trade tensions between the U.S. and China.
Meanwhile, the euro remained under pressure on continuing political developments in Italy.
What are currencies doing?
The ICE U.S. Dollar Index DXY, +0.13% which measures the dollar against six rivals, most notably the euro, was up 0.1% at 93.747, after earlier touching a high for 2018 and setting it up for the best finish since November 2017. The index gained 1.2% last week, its best weekly gain since one ending April 27, according to FactSet.
The WSJ Dollar Index BUXX, +0.10% a broader measure of the greenback that also includes emerging-markets currencies, was up 0.1% at 87.27, after gaining 1% last week, also the biggest weekly gain since April 27.