On Friday the dollar rose broadly after Federal Reserve Chairman Ben Bernanke said that the central bank will be ready to tighten monetary policy as an economic recovery takes hold.
U.S. dollar recovered some losses
The U.S. dollar, which took a beating for much of the week, has recovered some losses against the euro and it has pulled away from a more than 8-month low against the yen earlier in the week. Despite the gains on Friday, against a basket of currencies the greenback remained lower for the week.
US dollar down against Canadian Dollar
After data showed Canada added six times as many jobs as expected in September the dollar was also down against the Canadian dollar. Since July 2008 the unemployment rate was down for the first time.
