US Dollar Eases

The US currency plunged as market investors gained from outlook that the robust employment report of the US last week reinforced prospects the Fed will lift interest rates before 2015 ends.

The dollar prolonged gains versus the euro to a new high (11 and ½ years) following the impressive non-farm jobs figures for February.

Markets analysts believe consolidation of gains contributed to the positive employment report although it will take time before it returns to the $1.0760 scale.

The shared currency was up 12 percent ($1.08575), based on the Electronic Broking Services (EBS) trading platform of Netherlands. It dropped earlier to $1.0822 in Asian trading marking the euro currency's lowest point since September of 2003. The $1.07620 phase is considered the subsequent major area of support.

The disparity between US Treasury and Euro Zone profits became broader making US investments more appealing to investors looking for high-performing and profitable returns.

Inflation remains muted while payrolls data manifested limited wage growth which is a primary factor in determining rate increase. Observers say an abrupt raise in rates can suppress economic growth.

The euro was ahead 0.30 percent to 131.31 Japanese yen. The dollar rose versus the yen by a reasonable 0.10 percent to 120.96 Japanese yen. This was still off the three-month peak of 121.29 yen last Friday.

Meanwhile, traders also focused on the issues of financial reforms in Greece. According to Dutch Finance Minister and Euro Group President Jeroen Dijsselbloem, Athens should put the last touches to its bailout agenda and implement true reforms.