U.S. dollar rises amid political uncertainty in Europe

The U.S. dollar edged up against most major currencies on Monday amid concerns over political uncertainty in Europe ahead of elections.

Analysts said investors largely focused on French politics. The far-right National Front party leader Marine Le Pen who launched her presidential campaign lately blasted globalization and vowed to remove France from the eurozone.

There was no major economic report due on Monday.

The dollar index, which measures the greenback against six major peers, increased 0.04 percent at 99.912 in late trading Monday.

In late New York trading, the euro declined to 1.0748 dollars from 1.0766 dollars in the previous session, and the British pound fell to 1.2479 dollars from 1.2481 U.S. dollars in the previous session. The Australian dollar decreased to 0.7659 dollar from 0.7675 dollar.

The U.S. dollar bought 111.73 Japanese yen, lower than 112.97 yen of the previous session. The U.S. dollar fell to 0.9910 Swiss francs from 0.9938 Swiss francs, and it edged up to 1.3092 Canadian dollars from 1.3028 Canadian dollars. Endit