By Caroline Valetkevitch
NEW YORK (Reuters) - The dollar hit a more than one-week high against a basket of currencies and the euro eased on Monday, while U.S. stocks were little changed after starting 2018 with strong gains last week.
Investors took profits in the euro after the common currency's recent rally.
The dollar index, which measures the greenback against six rival currencies, was up 0.4 percent at 92.321.
The euro slipped 0.48 to $1.197. The euro hit a nearly four-month high of $1.2089 last week. "The euro got a little bit over its skies when it traded over $1.20," said Brad Bechtel, managing director FX at Jefferies in New York.
"It's a little been of profit taking and some healthy correction going on the euro's side, which is driving some of the dollar trades," Bechtel said.
The Dow Jones Industrial Average fell 31.76 points, or 0.13 percent, to 25,264.11, the S&P 500 lost 0.36 points, or 0.01 percent, to 2,742.79 and the Nasdaq Composite added 13.87 points, or 0.19 percent, to 7,150.42.
A surprise dip in German industrial orders, which fell in November for the first time since July, appeared unlikely to dent growing confidence in the euro zone's biggest economy after a strong run of positive economic news.
With the New Year's Day holiday falling on a Monday this year, it was the strongest first four trading days of a year in more than a decade for all three major U.S. stock indices, according to Reuters data. For the Dow, it was the strongest start since 2003 and for the Nasdaq and S&P 500 it was the strongest since 2006.
In the U.S. Treasury market, bond yields were modestly lower after data on Friday showing an unexpectedly slower growth in U.S. hiring for December.
Benchmark 10-year notes last fell 3/32 in price to yield 2.4873 percent, from 2.476 percent late on Friday.
Oil prices were slightly higher. A slight decline in the number of U.S. rigs drilling for new production kept prices in check.
U.S. crude rose 0.15 percent to $61.53 per barrel and Brent was last at $67.68, up 0.09 percent on the day.
(Additional reporting by Tommy Wilkes in London, Sruthi Shankar in Bengaluru and Saqib Iqbal Ahmed and Kate Duguid in New York; Additional reporting by Saikat Chatterjee and Wayne Cole; Editing by Peter Graff and Nick Zieminski)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)