The euro broke above $1.15 for the first time since late August as the view that the Federal Reserve could leave interest rates on hold for the rest of this year was seen gaining traction, according to Market Watch.
The shared currency was traded at $1.1529 late Monday in New York, compared with $1.1447 late Friday, according to Market Watch.
The shared currency extended its gains after a reading on U.S. manufacturing sector activity in April came in weaker than expected, suggesting that a rebound in March was not sustained. It also found some support earlier after a reading on eurozone manufacturing sector activity in April was revised higher, according to the report.
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