Dollar keeps gains ahead of key US data
The US dollar rose against a majority of rivals on Friday, extending gains for the second day, on track for a weekly gain amid growing odds of the Federal Reserve to tighten monetary policy soon, and ahead of key US data releases later today.
The dollar index rose 0.15% to 92.96 points, after opening at 92.80 points, and hit a low of 92.77 points.
The US dollar gained 0.1% yesterday, after profit-taking from the 3-month high of 93.19 points stopped.
The greenback gained 0.3% so far this week, on track for the second straight weekly gain.
At 13:45 GMT, the Flash US Manufacturing PMI for July will be released, amid forecasts to reach 62.0 points from 62.1 points in June, and the Services PMI reading is expected at 64.6 points from 64.8 points.
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