Strong U.S. Economy and 'Trump trades' Boost Dollar

FOREX - LONDON. The dollar climbed on Monday and cryptocurrency bitcoin hit a three-month high as a rise in U.S. bond yields and the looming presidential election continued to impact markets.

Currency moves last week were driven by the European Central Bank's dovish rate cut and strong U.S. data that scaled back expectations for how fast U.S. rates can fall, particularly if former President Donald Trump wins the presidency.