In early Monday trading, the euro touched as high as $1.4130 before falling back slightly to $1.4117.

The higher value of the euro has led to fears over job cuts in Europe, as it makes exports to the US more expensive.

Separately, gold prices are near a 28-year high, while oil has fallen. US crude lost 58 cents to $81.04 a barrel.

Oil prices have fallen back from last week's record highs thanks to production returning to normal in the Gulf of Mexico after a storm caused a number of production cuts.

Read Full Story