The dollar nudged up to a fresh eight-month peak against its major rivals in Asian trade on Monday, buoyed by expectations that the US Federal Reserve will raise interest rates this year.
The dollar index, which tracks the greenback against a basket of six major counterparts, rose 0.1 percent to 98.818 after trading as high as 98.846, which was its strongest level since Feb. 3.
Last Friday, San Francisco Fed President John Williams said at a mortgage conference that "it makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later."
His comments echoed recent hawkish rhetoric from central bank officials including New York Fed President William Dudley and Fed Vice Chair Stanley Fischer, which prompted forex investors to price in an interest rate increase this year.
Interest rates futures imply about a 70 percent chance that the Fed will hike interest rates in December.
EUR/USD trades almost flat at the start of European trade after slipping to 1.0858 overnight, just shy of Friday's low of 1.0857, its lowest since March 10.
