The U.S. dollar traded mixed against major currencies in late New York trading on Monday as the euro fell again on concern over euro zone member might need larger rescue fund.
The euro traded under 1.34 against the dollar in early Monday trading session as some investors took profit from three-day euro rally, and tumbled below 1.33 in mid trading session as worries on euro zone debt problem aroused.
A report from the International Monetary Fund said the euro zone should have a bigger rescue fund for member states in trouble, and the European Central Bank should boost its bond buying to prevent the sovereign debt crisis from derailing economic recovery.
The dollar against the yen was last below its session high of 82.98, but climbing off Friday’s three-week low of 82.52 yen.
However, Fed Chairman Ben Bernanke said on Sunday that it was possible U.S. monetary policymakers could increase the 600 billion dollars in asset purchases announced at the last Fed meeting, which stirred up the guess of new round of quantitative easing policy. Excessive liquidity of the dollar in the market might lead to its further depreciation in the long run.