The dollar hit its highest level in two weeks against the euro on Monday as traders reduced their bets on an aggressive easing of monetary policy by the Federal Reserve, with the focus now on a crucial US jobs report at the end of this week. The other currencies are trading in the red.

The dollar rose to its highest level since August 21 on the yen, supported by a rise in long-term Treasury yields to their highest level since mid-August after a closely monitored measure of US inflation remained stable, reducing the imperative for the Fed to reduce interest rate of 50 basis points (bps) on September 18. It rose by 0.27% to 146.60 yen, and was last

The dollar index versus its main peers rose slightly to 101.79 at the start of the Asian day, a level last seen on August 20. The euro slid slightly to $1.0430, the lowest since August 19. Traders currently estimate a 33% chance of a The Fed cut interest rates by 50 bps this month, compared to a 67% probability of a quarter-point cut.

For the euro however, the outlook for monetary easing from the Fed and the European Central Bank this month means that it is “difficult to present a solid case for or against EUR/USD,” Sycamore added.

Aussie held steady at $0.6762, after reaching a new eight-month high of $0.6823 last week, making it 3.4% firmer last month.

The New Zealand dollar fell 0.2% to $0.6239, after reaching an eight-month high of $0.6298 last week.

The Indian rupee is expected to weaken at the open on Monday after U.S. inflation data indicated that the Federal Reserve would not opt for a bigger cut in rates at this month's meeting. The 1-month undeliverable futures contract indicated that the rupee would open at 83.90 per US dollar, down from 83.8625 in the previous

The Russian ruble weakened on Monday against the US dollar and the euro, pulled down by the fall in global prices for oil, Russia's main export commodity. At 08:00 GMT, the ruble lost 0.5% to 91.05 per dollar, according to LSEG

The ruble was down 0.5% to 12.09 against the Chinese yuan, which became the most traded foreign currency on the Moscow Exchange, but it strengthened by 1.2% against the yuan on the OTC market, but it strengthened by 1.2% against the yuan on the OTC market, according to LSEG data.

One-day ruble-dollar futures contracts, traded on the Moscow Exchange and used as a benchmark for over-the-counter market rates, rose by 0.3% to 91.27. The official central bank exchange rate, calculated using over-the-counter data, was set at 91.19 per dollar. The ruble was down 0.5 percent to 100.75 against the euro, according to LSEG data

Sterling fell against the euro, while remaining close to a one-month high, while it rose against a weakening dollar. The euro rose by 0.18% against the pound to 84.26 pence per euro, after reaching 83.98 on Friday, its lowest level since July 25. The British pound rose slightly against the dollar, to $1.3132