New york: The dollar rose on Monday as investors awaited a possible interest rate hike from the Federal Reserve (the US central bank), and risk appetite waned due to rising oil prices. The euro fell 0.28% to $1.1565, while the British pound traded at $1.3503. The dollar index, which measures the performance of the US currency against six major currencies, rose 0.23% to 99.34 points.

According to National Iraqi News Agency, the Japanese yen weakened 0.3% to 154.03 against the dollar, but remained close to its seven-month high of 152.89, reached last week. The yen has risen by about 4% since the beginning of the month, supported by expectations of a faster pace of interest rate hikes in Japan, along with indications that domestic investors may repatriate some of their assets.