World Economy

Dollar Gains

Dollar GainsDollar Gains

The dollar index rose on Friday, on track for its strongest monthly performance since last November, before US Federal Reserve Chair Janet Yellen is due to speak and as investors anticipate rate increases in coming months, Reuters reported. Investors are focused on Yellen’s speech for any new signals that the US central bank is close to raising interest rates, after numerous Fed officials in recent weeks have talked up expectations that an increase may be near. The dollar index was up 0.30% at 95.45. It has surged from a low of 91.92 on May 3 but remains down slightly from Wednesday’s two-month peak of 95.66.