The U.S. dollar climbed against other major currencies in the Asian session on Monday as investors sought safe-haven assets ahead of EU summit in Brussels this week.
European Union leaders will convene summit on October 18-19 in Brussels. The leaders are expected to take further steps for banking and fiscal union and also discuss issues surrounding Greece and Spain at the summit.
Sentiment also turned cautious as major financial institutions such as Citigroup, Goldman Sachs and Bank of America will report third quarter earnings result this week.
The greenback advanced to 0.9374 against the franc and 1.2892 against the euro, its highest levels since October 11. If the greenback rises further, it may target 0.94 against the franc and 1.28 against the euro.
Against the yen, the greenback that bounced back from an early low of 78.34 climbed to a 1-week high of 78.62. The greenback-yen pair closed last week's deals at 78.42.
The U.S. currency climbed to as high as 1.6028 against the pound, compared to Friday's American session close of 1.6075. On the upside, the greenback is likely to break 1.60 level.
The average asking price for a house in the United Kingdom climbed 3.5 percent on month in October, property tracking website Rightmove said - reversing the 0.6 percent monthly contraction in September.
On a yearly basis, house prices were up 1.5 percent, accelerating from the 0.7 percent gain in the previous month.
The greenback hit 0.8132 against the NZ currency, its strongest level since September 11. The greenback is likely to test next resistance level at 0.81.
An index measuring the service sector in New Zealand slipped into contraction for the first time in 27 months, Business New Zealand said, with an index score of 49.6.
That's down from 50.0 in August; a reading above 50 means expansion in a sector and a reading below signals contraction.
Against the Australian and Canadian dollars, the greenback firmed to multi-day highs of 1.0204 and 0.9813 with 1.015 and 0.985, respectively seen as the next upside target levels. The greenback closed Friday's deals at 1.0236 against the aussie and 0.9798 against the loonie.
The total number of new motor vehicle sales in Australia was up a seasonally adjusted 4.7 percent on month in September, the Australian Bureau of Statistics said, standing at 98,701. That follows the 3.6 percent increase in August.
On a yearly basis, new motor vehicle sales spiked 14.4 percent after climbing 6.4 percent in the previous month.
In the European session, Swiss producer and import prices for September are due.
The U.S. advance retail sales for September, empire manufacturing for October, business inventories for August and Canada existing home sales for September are slated for release in the New York morning session.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.