The dollar hit a fresh five-month high on Monday as investors heaved a sigh of relief after U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war "on hold" following their agreement to suspend the tariff threats.
Against a basket of its peers .DXY , the greenback rose above the 94 line for the first time since late-December 2017.
Since its rally began on April 17, the dollar has surged more than 5 percent, its biggest rising streak since late 2015, just before the U.S. Federal Reserve's first interest rate rise since the 2008 financial crisis.
