The US dollar has risen against major currencies on Monday after a key measure fell 1.4 per cent during the previous two weeks.

The WSJ Dollar Index, which measures dollar against a basket of widely traded national currencies, fell to its lowest level in eight months. Following the fall in the dollar on indications that the federal Reserve will begin scaling down its bond-buying program, the dollar recorded rise against some major currencies son Monday.

The dollar rose 0.3 per cent against the Japanese Yen to Y97.67. The American currency rose 0.1 per cent against the U. K. pound to trade at $1.6155. The Australian dollar fell to $0.9571 from $0.9584 while euro fell to $1.3785 from $1.3803. The overall WSJ Dollar Index rose 0.1 per cent to 71.895 during the day.

The strength in the US dollar pushed its value higher as investors were convinced that the Federal Reserve might not roll back it stimulus package due to the weak state of the US economy, following the partial shutdown of the US government, that affected its recovery and contributed to the vitality.