The dollar index, which measures the performance of the greenback against other major currencies, gained almost 0.2% during the day after having risen from a minimum of a month in the first trades.
The European Central Bank has a monetary policy meeting scheduled for Thursday and investors are also waiting for inflation reports from the United States and Europe to be released on Friday, as well as a meeting of the Bank of Canada to be held on Wednesday. The US Federal Reserve meets next week.
“What has dimmed the dollar’s glow lately is this notion that other central banks seem poised to raise rates before the Fed,” said Joseph Manimbo, senior market analyst at Western Union Business Solutions.
At one point, the dollar index gained 0.4% on the advance of the yield on 10-year US Treasury bonds. Then the greenback declined, as did the return of the reference papers, which was around 1.63%. The euro lost 0.3% to $ 1.1613.
The dollar also posted gains against the Japanese yen, rising 0.2% to 113.50 yen. The Bank of Japan will meet later in the week, but like the ECB, it is not expected to change from its dovish policy stance.
In cryptocurrencies, Bitcoin improved more than 4%, to $ 63,168, somewhat below the highs reached last week, around the $ 67,000.
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