Investing.com - The dollar remained at seven-month highs against the other major currencies on Tuesday, as growing expectations for a December rate hike by the Federal Reserve continued to lend broad support to the greenback.
USD/JPY edged up 0.13% to 123.32.
The greenback remained supprted after the Labor Department reported on Friday that the U.S. economy added 271,000 jobs last month, well ahead of the 180,000 expected by economists and the largest increase since December.
The unemployment rate fell to a seven-and-a-half year low of 5.0%.
The strong data paved the way for the Fed to raise interest rates at its December meeting, a move that would make the dollar more attractive to yield-seeking investors.
EUR/USD dropped 0.52% to fresh seven-month lows of 1.0695.
The euro remained under pressure after Reuters reported on Monday that the European Central Bank could cut its deposit rate deeper into negative territory at its December meeting.
Elsewhere, the dollar was steady against the pound, with GBP/USD at 1.5114 and was higher against the Swiss franc, with USD/CHF rising 0.37% to 1.0072.
The Australian and New Zealand dollars were weaker, with AUD/USD down 0.35% at 0.7021 and with NZD/USD slipping 0.12% to 0.6524.
Earlier Tuesday, the National Australia Bank reported said its business confindence index fell to 2 in October from 5 the previous month. Analysts had expected the index to tick down to 3 last month.
Meanwhile, USD/CAD was little changed at 1.3279.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.34% at fresh seven-month highs 99.46.