Dollar records monthly gain against euro in July

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, +0.0182%  traded at $1.0984, compared with $1.0938.

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