The dollar rose against the euro on Friday, after a batch of economic reports pointed to a U.S. strengthening economic recovery that is gaining.The data lent support to comments from Federal Reserve Chairwoman Janet Yellen, who has cited gathering momentum in the economy as cause to raise interest rates this year. She made her comments in congressional testimony Wednesday and Thursday.
The dollar was up 0.28% at 0.92 euro EURUSD, -0.4138% Friday afternoon, while the WSJ Dollar Index BUXX, +0.22% a measure of the dollar against a basket of major currencies, was up 0.14% at 88.49.
Elsewhere, the dollar reduced gains against the yen in tight trading action Friday after reaching a three-week high, with investors finding it hard to move beyond a week-long rally that brought the greenback about 3% higher.
The dollar USDJPY, -0.05% stood at ¥124.09 Friday afternoon, down 0.06%.
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