Dollar grinds upward on higher

NEW YORK (Reuters) – The U.S. dollar steadily higher on Monday, helped by a rise in Treasury yields over expectations that the Federal Reserve would continue to grow from President Donald Trump.

The relatively small gains in the dollar compared with jumps in the long-term.

"said Marc Chandler, chief global currency strategist at Brown Brothers Harriman & Co in New York.

CNBC reported late last week that Trump was worried about the Federal Reserve. Trump said the Fed's policy tightening and the strong dollar could hurt the U.S. economy.

The disparity in interest rates between the U.S. and other major economies has been a primary driver of the stronger dollar this year.

The dollar index .DXY, a measure of the currency against a basket of six rivals, was up 0.22 percent.

The pink greenback against the euro EUR = to $ 1.169, a gain of 0.24 percent.

YEN GAINS

The yen heightened on Monday following a report that the Bank of Japan was debating its mbadive monetary stimulus, spurring bids for the Japanese currency.

The yen's advance was modest, with the 10-year Japanese government bond yields hitting a six-month high, as traders wanted to see concrete measures from the BOJ.

"The market may be too complicated that the BOJ would forever," said Omer Esiner, chief market badyst at the Commonwealth Foreign Exchange in Washington. "We have to wait and see what happens."

The BOJ, facing stubbornly low inflation, is in unusually active discussions, with changes to its interest-rate targets and stock-buying program on the table, people familiar with the central bank's thinking told Reuters.

The yen reached a two-week peak at 110.74 yen per dollar before retreating to 111.41 yen Yen JPY =, little changed from Friday, Reuters data showed.

It's a big deal at 129.87 yen per euro before retreating to 130.27 yen, up 0.26 percent on the day. EURJPY =

Also underpinning support for the yen were sent to the United States.

The Japanese currency is a safe haven of political worries.