NEW YORK :The U.S. dollar hovered near a seven-week high on Monday as investors reassessed their positions following Friday's strong U.S. jobs data and amid rising tensions in the Middle East.
NEW YORK :The U.S. dollar hovered near a seven-week high on Monday as investors reassessed their positions following Friday's strong U.S. jobs data and amid rising tensions in the Middle East.
"We're still having a bit of follow through from Friday's jobs data and you can see this on the US interest rates and I think this is what's helping give the dollar a bit of a lift here today against most of the major currencies," said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.
In the Middle East, Hezbollah fired rockets at Israel's third largest city Haifa early on Monday as Israeli forces looked poised to expand ground incursions into southern Lebanon on the first anniversary of the Gaza war, which has spread conflict across the Middle East.
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