The dollar finished the month higher against its main rivals, the euro, Japanese yen and British pound, on Friday, supported by a rebound in U.S. economic data and reassurances from Federal Reserve Chairwoman Janet Yellen that the central bank will likely raise interest rates in 2015.The euro EURUSD, -0.3639% traded at $1.0980 late Friday in New York, down 2% this month; the pound GBPUSD, +0.0131% shed 0.4% to $1.5277; the dollar USDJPY, +0.00% strengthened 3% to ¥124.08; and the Canadian dollar CADUSD, -0.0401% weakened 3% to 80.37 cents.
A meaningful recovery in U.S. economic data, beginning with the nonfarm payrolls report for April, coupled with a reassuring statement from Yellen saying implying that the Fed intends to raise rates this year dispelled worries that the central bank might wait until 2016.
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