NEW YORK (CNNMoney.com) -- The dollar continued to gain ground against its European counterpart Monday, as the continent's debt problems remain a concern in markets worldwide.
What prices are doing: The dollar rose 1.5% against the euro to $1.2389.
The greenback jumped 0.5% versus the British pound to $1.4388. It was up 0.5% against the Japanese yen at ¥90.43.
What's moving the market: The euro has taken a huge hit as debt concerns in European countries have left global market players unsettled. That lingering uncertainty continues to weigh on the euro.
"The market is so one-sided right now it's not a question of direction," said Michael Woolfolk, senior currency strategist at Bank of New York Mellon. "It's merely the extent of the gains and losses."
Still, Woolfolk said, the dollar is overbought and the euro is oversold. But the recent large moves have "dragged people off the sidelines" and into the foreign exchange market, he said.
|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:
|Ford Motor Co||8.29||0.05||0.61%|
|Advanced Micro Devic...||54.59||0.70||1.30%|
|Cisco Systems Inc||47.49||-2.44||-4.89%|
|General Electric Co||13.00||-0.16||-1.22%|
|Kraft Heinz Co||27.84||-2.20||-7.32%|
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