Dollar near two-month high as investors look to more data

The dollar hovered near a two-month peak against at a basket of currencies on Monday as investors look to a barrage of upcoming economic data and political developments in the United States before making any fresh bets on the U.S. currency.

While a rebound in U.S. stocks on Friday has helped to curb the ascent of the dollar, deemed as a safe-haven, signs of slowdown in the nascent economic recovery and political uncertainties have kept investors on guard.

The dollar index stood at 95.544. Last week it hit a two-month high of 94.745 last week and posted its biggest weekly rise since early April.

The euro changed hands at $1.1635, having dropped to $1.16125 on Friday to its lowest level in two months.

The British pound stood at $1.2767, slightly above Wednesday's two-month low of $1.2676.

Data on U.S. currency futures positions released on Friday pointed to more upside in the dollars recovery, with speculators holding a big net short position in the greenback.