The dollar rose on Monday, driven by its status as a safe haven after massive Russian strikes in Ukraine, while good American employment figures should allow the bank Central America (Fed) to continue its rate hikes. In particular, the greenback regained parity with the franc.

Around 15:30 GMT (17:30 CET), the dollar gained 0.60% against the European currency, at 0.9686 dollars to one euro, approaching its highest since 2002, reached at the end of September at 0.9536 dollars to one Euro. The greenback is also benefitting from the strength of American employment in September, according to official data released on Friday.

These numbers “strengthened market bets on a 0.75 percentage point rate hike in November” at the next Fed meeting, said Richard Hunter, of Interactive Investor.

Faced with the pound, the greenback took 0.44% to 1.1037 dollars. Announcements of new measures by the British Central Bank (BoE) to calm long-term bond market volatility and the announcement of a budget presentation earlier than expected by the government were not enough to reassure investors.

British government bond yields were on the rise again, a sign of falling market demand. 10-year rates were evolving at 4.50%, approaching their peaks since 2008, reached at the end of September at 4.59%. Rates at age 30, whose surge to 5.14% caused the BoE to take action in September, rose to 4.72%.