The U.S. dollar finished Friday’s session with monthly gains against most of its rivals.The dollar’s strong performance in July followed a weak showing in June, when the dollar finished the month lower against other major currencies. It finished the month up 1.4% against the euro, its best monthly performance since May.
The euro soared above $1.11 early Friday after the release of the U.S. employment-cost index, which showed that costs for employers grew at a much weaker than expected pace in the second quarter. But it erased nearly all of its daily gains by 3 p.m. Eastern.
The shared currency EURUSD, +0.4665% traded at $1.0984, compared with $1.0938.
Meanwhile, the dollar USDJPY, -0.20% weakened to at ¥123.95 Friday, from ¥124.13 late Thursday in New York. The pound edged higher Friday, trading at $1.5614, compared with $1.5598 late Thursday.
The ICE U.S. Dollar Index DXY, -0.30% a measure of the buck’s strength against a basket of six rival currencies, finished the month 1.8% higher at 97.2290. But it was little-changed on a weekly basis.
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