Dollar rises against Canadian dollar, Norwegian krone as oil falls

The dollar moved higher against the Canadian dollar and Norwegian krone as West Texas Intermediate crude futures gave up early Monday gains.

The dollar USDCAD, -0.11%  rose to 1.165 Canadian dollars, its highest level since last Wednesday. The buck traded around 1.16 loonies Friday. The move came as West Texas Intermediate crude CLG5, +1.30%  futures for February delivery lost 1.7% to $56.12.

The dollar USDNOK, -0.05%   rose to 7.42 krone, its highest level since last Wednesday. It traded at 7.35 on Friday.

The dollar USDJPY, +0.07% rose to 120 yen, its highest level in more than two weeks, benefiting from the Federal Reserve’s signal that it will raise interest rates in 2015. It traded at ¥119.52 Friday.

After trading higher against the dollar for most of the North American trading day, the euro traded flat at $1.222 EURUSD, -0.01%

The ICE U.S. Dollar Index DXY, -0.08%  , a measure of the greenback’s strength against a trade-weighted basket of six currencies, was up 0.17% to 89.7490.