The dollar suffered heavy blows, and hovers near three-year lows against a basket of its major rivals on Monday, as the European single currency was buoyed by investors' hopes that European Central Bank policymakers could be poised to further trim their monetary stimulus.
The Bloomberg Dollar index, which tracks the US dollar’s performance against its major counterparts is down more than a quarter percent, while DXY is at its lowest since January 2015 at 90.62.
EUR/USD rose to 1.2240, above the peak of 1.2218 hit on Friday, and its highest since December 2014, leaving some market analysts to ponder where a possible top may be.
Against the yen, the greenback fell to its lowest levels since mid-September, after comments from Japan's central bank governor, which boasted about Japan's economic recovery.
USD/JPY fell to 110.57, more than 0.2 percent lower. GBP/USD rose to 1.3770, its highest level since the Brexit vote in June 2016.
The British pound jumped on Friday, following a media report which said the Netherlands and Spain were open to a deal for Britain to remain as close as possible to the European Union.
The pound shrugged off a denial from officials from the Spanish and Dutch finance ministries, who said there was no new agreement between the countries on how Britain should leave the EU.
