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        The dollar hit new year's new high as the euro fell


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The dollar hit a new year's high against a basket of major currencies on Monday as investors bet that rising interest rates and inflation in the United States would boost the dollar, and traders took off a bearish position on the dollar.
The US dollar index climbed to 92.974, the highest since December last year, and New York's stock market rose 0.2%, at 92.792.
According to the data released by the Commodity Futures Trading Commission on Friday, speculators lowered their dollar bets to the lowest level in seven weeks last week.
Some analysts caution that the US dollar's two week rally in May may be excessive.
"At this time, most of the expectations of inflation and interest rate raising have been digested by the US dollar, and the action may have been over," said James Chen, head of the Gain Capital research.
The report on Friday's employment report was somewhat disappointing. The report showed that employment and salary increases were weaker than expected, but the report did not change traders' expectations of further interest rates for the Federal Reserve of the United States Federal Reserve (FED/).
"In any case, the data still show economic expansion, although the growth is low, but the growth is still positive," said Boris Schlossberg, director general of BK Asset Management foreign exchange strategy.
"In contrast, the news of the eurozone today has added concern to the region, as consumer spending has slowed sharply," he said.
Traders have postponed the timing of the ECB's rise in interest rates, after a series of disappointments released in the region.


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