The dollar rose Monday on investor speculation that the U.S. economy may continue to show signs of strength and escape recession.

Dollar investors reacted positively to a Friday to a government employment report showing that job growth had been stronger-than-expected, pointing to a stronger economy, easing concerns. The dollar was up to $1.4047 euros, from $1.4139 late Friday and off its record low versus the currency which reached $1.4283 on October 1.

In Mid- September -- making a bid to stave off broader damage to the economy stemming from weakness in the credit and housing markets -- the U.S. Federal Reserve lowered benchmark lending rates.

The move set off a record decline in the dollar against other currencies as investors fled what they saw as the increased risk of inflation. As a result, funds were channeled into investments seen as more stable such as commodities, which rose to record highs.

Investors will also look for direction from Europe's finance ministers, who are meeting in Luxembourg Monday night. They are expected to discuss how the euro's recent rise versus the dollar can be managed to avoid damage to exports and the economy.

So far the European Central Bank has resisted lowering interest rates in an effort to keep prices stable. ECB chief Jean-Claude Trichet, who is expected to attend the Monday meeting, said last week that risks to prices stability were still on the upside although risks for economic growth showed a downside following recent turbulence in the credit markets.

On Sunday, Germany's Finance minister said he was in favor of a strong euro.