U.S. Dollar Near Six Month Highs

The U.S. dollar hovered near six-month highs against a basket of major currencies early on Monday, holding onto solid gains made last week as investors turned bearish on the euro.

A closely watched report on Friday showing a slump in German business sentiment and news the European Union was a step closer to imposing economic sanctions on Moscow had undermined the common currency.

The euro, which fell 0.7 percent last week, languished near an eight-month trough of $1.3421. Against the yen, it traded at 136.69, not far from a six-month low of 136.37 plumbed on Thursday.

CNBC

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