U.S. dollar mixed after 10-day rally

The U.S. dollar traded mixed against other major currencies on Monday after rising for consecutive ten sessions amid speculation that the Federal Reserve will raise rates by year-end.

The dollar index, which tracks the greenback against six major peers, was down 0.08 percent to 101.130 in late trading.

The index rose nearly 5 percent in the past ten sessions as U.S. President-elect Donald Trump' s potential economic policies and recent hawkish remarks by Fed officials boosted market expectation for a rate-hike next month.

Analysts said that the rising possibility of tax cuts and a generally pro-growth set of policies from Trump, aided and abetted by the Republican clean sweep of congress, raised market speculation for a revival in inflation as well as more rate-hikes in the future.

Moreover, Fed Chair Janet Yellen said on Thursday that a rate hike "could well become appropriate relatively soon if incoming data provide some further evidence of continued progress toward the committee' s objectives."

Kansas City Fed President Esther George also said on Friday that the U.S. economy would benefit from the Fed raising rates sooner rather than later.

In late New York trading, the euro fell to 1.0600 dollars from 1.0604 dollars, and the British pound rose to 1.2466 dollars from 1.2354 dollars. The Australian dollar climbed to 0.7348 dollars from 0.7343 dollars.

The dollar bought 111.25 Japanese yen, higher than 110.62 yen in the previous session. The dollar inched up to 1.0107 Swiss francs from 1.0096 Swiss francs, and it fell to 1.3439 Canadian dollars from 1.3498 Canadian dollars. Enditem