The dollar pushed to its highest in over a week against the euro and the yen today as investors continued to adjust positions in the wake of Friday's surprisingly strong US jobs report.
But the greenback failed to hold at higher levels as worries of US action against Iraq and ahead of the anniversary of the September 11th attacks restrained dollar bulls.
The dollar rose more than a quarter-per cent to $0.9781 per euro, extending a 1 per cent leap on Friday after a surprise drop in the US jobless rate suggested the US economy may be in better shape than people thought.
But the greenback's gains were short-lived, and it subsequently retreated to stand little changed on the day at $0.9800 per euro.