Ironically, good news on the U.S. economic front tends to undermine the dollar. That's because investors are more likely to move funds from the "safe," low-yielding buck and the Treasurys and other less-risky assets they can buy with it into currencies of emerging markets or other high-paying assets.

The dollar's low yield comes from the Federal Reserve holding the country's key interest rate at a range near zero, one of the lowest of the major economies, with warnings it will hold the rate there for some time.

In Monday trading, the 16-nation euro rose to $1.4944, just shy of a 14-month high of $1.4967 hit last week, from $1.4899 late Friday. The British pound climbed to $1.6370 from $1.6353, and the dollar dropped to 90.65 Japanese yen from 90.85 yen late Friday.

Against a basket of six currencies that includes the euro, yen and Swiss franc, the dollar has dropped about 16 percent from highs in early March.

Meanwhile, the Dow Jones industrial average was up 0.9 percent in trading Monday.

On Monday, toy maker Hasbro Inc. said its profit was up 8.8 percent in the third quarter, topping analysts' expectations - even though sales fell. Newspaper publisher Gannett Co. said profit was down 53 percent, but advertising sales declines moderated and the company cut compensation costs.

Meanwhile, industrial equipment maker Eaton Corp. said third-quarter earnings dropped 39 percent, but improvements in key markets caused it to raise its profit outlook for the year.

A flurry of corporate results that will gauge spending by consumers and businesses are expected early in the week. These include Apple Inc. on Monday, Caterpillar Inc. and Coca-Cola Co. on Tuesday, and Boeing Co. on Wednesday.

In other New York trading, the dollar dropped to 1.0131 Swiss francs from 1.0179 francs late Friday, and slipped to 1.0288 Canadian dollars from 1.0381.

A service of YellowBrix, Inc.