US dollar index steady against major currencies after last week's gains

The US dollar index, which measures the greenback against six major currencies, was steady on Monday in Singapore, following gains of more than 1% last week after the Federal Reserve raised interest rates and signaled the possibility of further increases.

In currency markets, the Japanese yen edged up slightly to 156.64 per dollar after falling 2% last week. The Bank of Japan had raised interest rates on Friday to 1.25%, its highest level in 31 years.

The euro was little changed at $1.1482, while the British pound traded at $1.339 in early dealings.

The Australian dollar stood at $0.7129, and the New Zealand dollar was at $0.5721.