The dollar rose to three-week highs on Friday after an influential Federal Reserve official said the U.S. central bank’s plan to shrink its bond portfolio this year would not significantly delay its interest rate-hiking cycle.
The greenback initially sold off on a softer-than-expected U.S. jobs report for March, but rebounded as analysts noted the apparent weakness was caused by snowstorms.
Safe-haven buying also supported the dollar as the market focused on geopolitical events after the United States launched cruise missiles at an airbase in Syria, an ally of Russia.
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