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Dollar Reaches Two-Month High as Fed Rate Hike Bets Intensify

New york: The dollar was perched near a two-month high on Monday after a blowout US jobs report sent traders ramping up bets on a Federal Reserve rate hike this year, while the yen teetered further into the intervention zone. Against the dollar, the euro fell to a two-month low of $1.1507, while sterling struggled at a three-week trough of $1.33165.

According to Qatar News Agency, the Australian and New Zealand dollars similarly slid to their lowest in two months at $0.7016 and $0.5779, respectively. The strength in the dollar has in turn weakened the yen, which fetched 160.33 per dollar.