Dollar hits 2-month high as Yellen suggests rate hike in coming months

The dollar extended gains Friday after Federal Reserve Chairwoman Janet Yellen said an interest-rate increase may be coming in a matter of “months,” if the economy continues to improve.

The ICE U.S. Dollar index DXY, +0.16% a measure of the dollar’s strength against a basket of six rivals, was up 0.6% at 95.75, its highest level since March 28.

The euro EURUSD, -0.0900% fell to $1.1115 late Friday, from $1.1195 late Thursday in New York, its lowest level since March 28. Meanwhile the pound GBPUSD, -0.0957% fell to $1.4613 from $1.4662 late Thursday.

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