The Japanese yen suffered, briefly touching a low of JPY 125 per USD 1. Also, the British pound fell as Britain's economic growth stalled. Meanwhile, the euro is gaining ground.

The U.S. dollar held its ground on Monday, helped by the inexorable rise in U.S. yields, while the Japanese yen suffered, briefly touching a low of JPY125 per USD. Investors had little reason to exit bets against the yen as the Bank of Japan keeps yields near zero. The Australian and New Zealand dollars each fell 0.3%.

For its part, the British pound flattened to $1.3036 at 1435 GMT, after falling below $1.30, remaining near its lowest level against the dollar since November 2020. The euro, meanwhile, was rising against the U.S. dollar after the first round of presidential elections in France, with the greenback climbing against other major currencies to its highest since 2015 against the yen.