The Japanese yen suffered, briefly hitting a low at 125 JPY for 1 USD. Also, the pound sterling has fallen in the face of Britain's stagnant economic growth. Meanwhile, the euro is gaining ground.

The US dollar held firm on Monday, helped by the inexorable rise in US yields, while the Japanese yen suffered, briefly hitting a low at 125 JPY to 1 USD. Investors have 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 pound sterling flattened to 1.3036 dollars at 1435 GMT, after falling below 1.30 dollars, remaining not far from its lowest level against the dollar since November 2020. The euro, for its part, rose against the US dollar after the first round of the presidential election in France, with the greenback climbing against other major currencies, to the highest since 2015 against the yen.