NEW YORK (CNNMoney.com) -- The dollar edged up against major currencies on Monday, following stocks higher after the health care bill passed a key vote in the Senate.
"The movement in equities indicates that the dollar is rising because of the more optimistic outlook people have for the U.S. economy," said Kathy Lien, director of currency research at Global Forex Trading.
Trading is expected to be thin during the holiday week, she said. As a result, the dollar is likely to remain within a predictable range.
"The dollar is holding onto its gains," she said. "There's no U.S. economic data on the calendar today, so nothing is really stopping it from rising."
The dollar rose 0.06% against the euro to $1.427. The greenback rose 0.03% against the British pound to $1.604.
The dollar was up 0.04% against the yen to ¥91.21.
Last week, the dollar climbed to a three-month high on Thursday, and ended the week flat against the euro.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.80%||3.88%|
|15 yr fixed||3.20%||3.23%|
|30 yr refi||3.82%||3.93%|
|15 yr refi||3.20%||3.23%|
Today's featured rates:
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More
Honda and General Motors are creating a new generation of fully autonomous vehicles. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
Whether you hedge inflation or look for a return that outpaces inflation, here's how to prepare. More