Strong U.S. jobs data have given the dollar a leg up in the forex market, suggesting that an improving outlook for the world's largest economy is taking over as the main driving force for dollar gains.
The dollar index, a measure of its value against a basket of other major currencies, touched a seven-month high on Friday after data showed the U.S. economy created 236,000 new jobs last month. The dollar held on to those gains in Asian trade on Monday.
(Read More: US Job Creation Surges as Unemployment Falls to 7.7%)
"For the first time in a number of years stronger U.S. data are leading to a stronger U.S. dollar after a dynamic over the previous couple of years where good news, no matter where it stemmed from, led to dollar weakness," John Horner, currency strategist at Deutsche Bank in Sydney said on CNBC Asia's "Squawk Box."
"We are seeing a multi-year trend in the dollar which will see it have broad-based gains against other major currencies as well as emerging market currencies," Horner added.