Dollar holds near 18-month high against euro after strong gains

The US dollar held near its highest level in 18 months against the euro on Monday, following its largest single-day gain in about six months on Friday.

The stability came after robust US employment data boosted expectations of interest rate hikes in the United States.

The Australian dollar climbed 0.4% to $0.68875, while the New Zealand dollar also advanced, supported by a rally in AI-related stocks and improved market confidence.