Dollar Set to Extend Gains in Early Trade

The dollar extended gains on Monday amidst counting down to the US presidential election in two weeks, and rising bond yields. The yen fell 0.2% to 149.26 against the dollar but remained near 150 against the greenback after briefly breaching that level last week for the first time since early August. The dollar index, which measures the value of the US dollar against other major currencies, is currently at 103.49 points. It fell by 0.3% on Friday as risk sentiment across markets improved sharply following China's announcement of more details about its economic stimulus package, but it gained 0.55% for the week. The euro was steady at $1.0862, while the pound sterling was around $1.3041. Source: Qatar News Agency