The dollar kicked off the first full trading week of the new year with a rise, climbing to its highest level in three and a half weeks against the euro and gaining against the British pound. Currency movements have been modest so far, although the U.S. attack in Venezuela and the arrest of President Nicolás Maduro on drug trafficking charges in New York pose predictable risks to market sentiment. This week's U.S. macroeconomic indicators could be crucial in shaping the policy of the Federal Reserve (the U.S. central bank).The dollar rose 0.1% to $1.1705 against the euro, having earlier reached $1.170025, its highest level since December 11. The dollar also gained 0.1% to 1.34495 against the pound sterling and 0.1% to 156.90 yen.Investors are also awaiting who U.S. President Donald Trump will choose to be the next Federal Reserve chair, as the term of the current chairman, Jerome Powell, ends in May. Trump said he will name the new Fed chair this month, adding that Powell's successor would be 'a person who believes in a large rate cut.'
