The dollar rose against most major currencies on Friday and was headed for its best weekly gain against the euro since April as investors who sold the U.S. currency for most of 2009 bought it back as the year-end neared.
"There's a winding down of activity into year end, with people taking profits on core trades," said Samarjit Shankar, managing director of global FX strategy at BNY Mellon in Boston. "But the dollar has been well-supported lately, and given the positive surprises in U.S. data lately, people are looking at the U.S. recovery story now as a glass half full."
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