LONDON (ShareCast) - The dollar traded mixed against major currencies on Monday, rising against the yen and falling against the euro as appetite for riskier trades picked up.
A good session among US equities and some encouraging European economic
data bolstered sentiment and helped stimulate demand for the buck and euro.
The European Commission's economic sentiment indicator showed a stronger-than-expected rise while gains on Wall Street, led by techs, fuelled demand for the dollar at the start of the week.
Traders will be keeping an eye on key US jobs figures, out later this week. June non-farm payrolls will be released Thursday, a day ahead of schedule, as US markets close for the holiday weekend.
The dollar index, which measures the US currency against six others, rose to 79.802 from 79.830 late Friday. Against the yen, the dollar rose 0.8% to 96.02 yen while the euro added 0.2% to $1.4078.
Sterling was up slightly against the dollar at $1.6564. Data out Monday showed UK mortgage approvals for house purchase rose to a 13-month high in May, according to the Bank of England although the increase was slightly less than expected.
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