Dollar slips at Asia open as crypto leads gains

Bitcoin rose 0.9% and Ether climbed 1.9% as the dollar index fell 0.25% at the start of Monday’s Asian trading session.

Staff Writer

Article summary

AI Generated

The dollar fell against major currencies at the start of Monday's Asian session, with the dollar index slipping 0.25% to 101.23. Crypto markets gained ground, with Bitcoin rising 0.9% to $65,193.62 and Ether climbing 1.9% to $1,948.

Key points

  • Dollar index slips 0.25% to 101.23 at Asia open
  • Bitcoin rises 0.9% to $65,193.62
  • Ether gains 1.9% to $1,948

Subscribe to our free newsletter to continue reading.

Newsletters

The dollar weakened against a range of major currencies at the start of Asian trading on Monday, while cryptocurrency markets moved higher, with Bitcoin and Ether leading the advance.

The dollar fell 0.2% against the Japanese yen to 163.585, marking its steepest single-session drop since 10 July. The euro gained 0.2% to reach 1.1397 dollars, with sterling rising by the same margin to 1.3353 dollars.

The dollar index, which tracks the US currency against a basket of six major currencies, slipped 0.25% to 101.23.

Commodity-linked currencies also gained ground. The New Zealand dollar rose 0.3% to 0.5802, while the Australian dollar climbed 0.2% to 0.6997.

In crypto markets, Bitcoin advanced 0.9% to 65,193.62 dollars. Ether outperformed, rising 1.9% to 1,948 dollars.