Dollar hits 7-month high vs. euro on December rate-hike expectations

The dollar rose to its highest level against the euro since mid-April Monday after hawkish comments from San Francisco Federal Reserve President John Williams over the weekend reiterated the case for raising interest rates in December.

The euro EURUSD, -0.1034%  traded at $1.0626 late Monday, compared with $1.0649 late Friday in New York. The shared currency traded as low as $1.0593 early in the session, its lowest level since mid-April, according to FactSet data.

The ICE U.S. Dollar Index DXY, +0.00% a measure of the dollar’s strength against a basket of six rival currencies, rose 0.2% to 99.7880.

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