According to the latest data available, The ICE dollar index has risen to 82.105 from 82.074 on Friday in North America as the US currency continues to advance against its counterparts.

The figure is just below the 82.2 recorded over the previous week. The ICE dollar index, which tracks the American currency against six major counterparts, is a widely accepted measure of the currency movement. The WSJ Dollar Index also rose to74.34 from 74.32. The US currency has been strengthening due to expectation of strong economy data during the week.

The US markets remained closed on Monday for the Labor Day holiday but key manufacturing data is set to be revealed in Europe this week. The European Central Bank, Bank of England, Bank of Japan and Reserve Bank of Australia are also set to make policy decisions this week.

Experts have said that if the US economy shows negative data, it would push up US Treasurys and in turn conclude the upward turn in the value of the dollar. The euro and other currencies could benefit if the Labour data in the US does not exceed expectations.