Concerned about the rising dollar in the economy, the euro zone interest rate expectations

New York, the dollar rose against major currencies late on Monday, investors in weak economic data raised concerns about economic growth and expect the ECB to raise interest rates next month.

 

Weak economic data last week raised concerns about the outlook for the U.S. economy and lead to double-dip recession fears. Risk aversion bolstered the dollar as investors sought a safe haven preferred investment.

 

Meanwhile, Greece is expected in early July, a new international organization received financial assistance program, the market's attention turned to the upcoming European Central Bank (ECB) monthly monetary policy meeting on Thursday. Widespread speculation that the ECB will raise interest rates next month. Expected to help the euro to regain after-hours trading on Monday against the U.S. dollar losses.

The dollar index, which is regarded as the best gauge of its performance against a basket of six major currencies, rose to 73. 941 from 73.775 on Friday.

In late Monday trading, the dollar bought 80.13 Japanese yen, comparing with 80.26 yen late Friday, and the euro fell to 1.4587 dollars from 1.4624.

The British pound also fell to 1.6352 dollars from 1.6418. The dollar rose from 0.8362 Swiss francs to 0.8368, and also rose to 0. 9806 Canadian dollars from 0.9773.