NEW YORK, Dec. 21 (Xinhua) -- The dollar rose against most major currencies on Monday as U.S. stocks rose after the health care bill moved closer to passage.
The 871 billion dollars bill passed a key vote in Senate on Monday, lifting medical shares. Investors were also encouraged by a series of corporate merges.
The dollar strengthened in previous sessions as the U.S. Federal Reserve has been more confident about the economic outlook and investors worried about the fiscal health of euro zone countries.
Technical factors linked to profit-taking and short-covering at year end also contributed to recent appreciation of the greenback.
Investors are looking for trading clues from some important U.S. economic reports due later this week, including the third estimate for the gross domestic product of the third quarter, new home sales, existing home sales, personal income and consumption, and durable goods orders.
The euro bought 1.4289 dollars in late New York trading compared with 1.4329 dollars it bought late Friday. The pound fell to 1.6052 dollars from 1.6121 dollars.
The dollar fell to 1.0617 Canadian dollars from 1.0656 Canadian dollars, and rose to 1.0457 Swiss francs from 1.0429 Swiss francs. It rose to 91.15 Japanese yen from 90.40 Japanese yen.
Special Report: Global Financial Crisis