Dukascopy Morning Forex Overview – Dollar gained modestly against Euro and Yen

The dollar gained modestly against the yen and euro in Asia Monday as investors placed cautious bets that recently stronger U.S. economic data will continue to buoy the greenback. The dollar may continue to rise on any further gains in U.S. Treasury yields, which make the U.S. unit more attractive to hold, dealers said. Yields rose Friday following strong data on U.S. consumer sentiment.

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