Investing.com - The dollar was broadly higher against the other major currencies on Monday, as markets turned their attention to the Federal Reserve's policy meeting this week amid mounting expectations for a rate hike.
USD/JPY eased up 0.07% to 121.07.
Most investors expect the Fed to raise interest rates for the first time since June 2006 at its upcoming meeting on December 15-16.
Higher interest rates would make the U.S. dollar more attractive to yield-seeking investors.
EUR/USD slid 0.25% to 1.0965.
Data earlier showed that euro zone industrial production rose 0.6% in October, beating expectations for a 0.3% gain, after a 0.3% fall the previous month.
Elsewhere, the dollar was higher against the pound, with GBP/USD down 0.27% at 1.5176 and with USD/CHF adding 0.17% to 0.9843.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.37% at 0.7215 and with NZD/USD gaining 0.28% to 0.6732.
The move came after the PBOC indicated Friday that it may ease its loose peg to the dollar and allow the yuan track a broad basket of currencies of China's trading partners.
Such a move would reduce China's demand for dollars.
Meanwhile, USD/CAD slid 0.29% to trade at 1.3716, still close to Friday's 11-1/2 year highs of 1.3759.
The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.25% at 97.85.
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