Forex Market Update : Epic Research Malaysia

The dollar hit its highest level in over six years against the yen and a 22-month high against the euro on Monday as investors bought the greenback on expectations that the monetary policy stances of the U.S. and its peers will continue to drift apart.

The dollar rose to ¥109.67 from ¥109.29 late Friday in New York after touching ¥109.68 -- its highest since August 2008.

The euro EURUSD, -0.02% was at $1.2676 from $1.2688 after falling as low as $1.2667 -- its lowest since November 2012.

Among other currency pairs, the British pound GBPUSD, -0.07% fell to $1.6230 from $1.6245. The euro was at EURJPY, +0.25% ¥138.69, compared with ¥138.57.

The WSJ Dollar Index BUXX, +0.24% , a measure of the dollar against a basket of major currencies, was up 0.17% at 77.76.

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