Investing.com - The dollar rose against the other major currencies on Friday, recovering from mild losses posted after Federal Reserve Chair Janet Yellen gave no indication on the timing of a potential rate hike as investors awaited the release of U.S. data later in the day.
USD/JPY edged up 0.15% to 122.77.
The dollar weakened mildly after Fed Chair Janet Yellen refrained from giving any indications on the near-term outlook for the U.S. economy or monetary policy in a speech on Thursday.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending November 7 was unchanged from a week earlier at 276,000. Analysts had expected jobless claims to fall by 6,000 to 270,000.
The greenback still remained broadly supported as last week's strong U.S. employment data seemed to pave the way for the Fed to raise interest rates at its December meeting.
EUR/USD dropped 0.55% to 1.0756.
Preliminary data on Friday showed that German gross domestic product rose 0.3% in the third quarter, in line with expectations and down from the previous quarter's growth rate of 0.4%.
French GDP also rose 0.3% in the three months to September, in line with expectations.
Elsewhere, the dollar was steady against the pound, with GBP/USD at 1.5216 and was higher against the Swiss franc, with USD/CHF gaining 0.37% to 1.0040.
The Australian dollar was fractionally higher, with AUD/USD up 0.08% at 0.7132, while NZD/USD retreated 0.41% to 0.6520.
Meanwhile, USD/CAD added 0.10% to trade at 1.3301, still within close distance of last week's one-month peak of 1.3316.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.42% at 98.98, not far from Tuesday's seven-month highs of 99.60.