Investing.com - The dollar rose to session highs against the euro on Monday, while the Swiss franc weakened across the board after Greece reached a deal with its lenders to extend its bailout by four months.
EUR/USD was down 0.72% to 1.1301 from 1.1383 late Friday.
The single currency came under renewed selling pressure as concerns over the conditions attached to the bailout extension kept investors cautious. Athens was to submit a list of reforms to be approved by the country’s creditors in order to secure the extension later Monday.
The traditional safe-haven Swiss franc was lower amid relief over the deal, with USD/CHF climbing 1.25% to 0.9496. The euro was also higher against the Swissy, with EUR/CHF adding 0.56% to trade at 1.0731.
The yen was little changed against the dollar, with USD/JPY edging up to 119.12, while EUR/JPY was down 0.6% to 134.65.
Earlier Monday, the minutes of the Bank of Japan’s January meeting showed that three policymakers expressed doubts the central bank can meet its inflation target because of a slowdown in underlying prices and falling oil prices.
In other trade, GBP/USD was down 0.31% to 1.5346.
The Australian and New Zealand dollars were broadly lower, with AUD/USD down 0.61% to 0.7793 and NZD/USD slipping 0.15% to 0.7514.
The Canadian dollar was also weaker, with USD/CAD advancing 0.59% to 1.2603. The loonie remained under pressure after weak domestic retail sales data on Friday was seen as increasing the likelihood of another rate cut by the country’s central bank.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.52% to 94.90, boosted by weakness in the euro.