The dollar reached its highest level in a year on Monday, continuing its upward trend after Donald Trump's victory in the US presidential election.
Traders are optimistic that Trump's trade policies will strengthen the dollar and put pressure on major currencies, especially the euro.
The Japanese yen saw the most significant decline among developed currencies, reflecting the overall trend of the dollar's gains.
Market participants are closely watching the impact of the new administration's policies on international trade and currency values.