Dollar rises against major currencies as investors still cautious over euro debt
The dollar rose against a hat full of currencies on Monday after investors cautiously look towards this week’s euro-zone debt auctions. The debt auction for Greece is due on Tuesday and is set to sell €1.25 billion of treasury bills, with Spain and Portugal also auctioning government debt this week.
The European bank stress test data will also be released on the 23rd of June and has thus far stopped investors from bidding the euro any higher. The euro was down from $1.2640 to $1.2579 against the dollar during the morning session, and the dollar also gained slightly against the yen and sterling.