By Saikat Chatterjee. . LONDON, March 8 Reuters – The U. S. dollar hit a 3-12 month high on Monday as rising U. S. Treasury yields spooked investors and boosted the greenbacks safe-haven appeal. . . After falling 4% in the last quarter of 2020, the dollar has strengthened by nearly 2. 5% year-to-date as investors expect the broad rise in U. S. bond yields to weigh on stretched equity valuations and boost demand for the U. S. currency. . . Recent economic figures are also supportive with U. S. data showing non-farm payrolls surged by 379,000 jobs last month while the U. S. Senate approved President Joe Bidens $1. 9 trillion recovery package. . . The U. S. labour market is healing quickly, President Bidens gargantuan relief package has been approved by the Senate, and America has stepped up its immunization game, administering a record number of vaccines this weekend, Marios Hadjikyriacos, an investment analyst at XM, said. . But while U. S. yields climbed within striking distance of a one-year high above 1. 62% hit on Friday, German yields dipped nearly 5 basis points last week, pulling the euro EUREBS to a near four-month low below $1. 19. . . BofA analyst Athanasios Vamvakidis said the potent mix of U. S. stimulus, faster reopening and greater consumer firepower was a clear positive for the dollar. . . The dollar index USD stood at 92. 30 against a basket of six major currencies, up 0. 4%, its highest level since late-November. . . The Australian dollar AUDD3 weakened 0. 3% to $0. 7658. The New Zealand dollar NZDD3 was down about 0. 8%. . The currencies have been in demand because of their links to global commodities trading, but the dollars bounce dented both. . . The dollar held near a one-month high against the British pound, at $1. 3819 GBPD3. Against the low-yielding yen JPYEBS, the greenback held firmer at 108. 56 yen, having hit a nine-month high of 108. 645 on Friday.