The dollar rose against a basket of currencies in mid-afternoon Friday trading after the head of the New York Federal Reserve, William Dudley, told the New York Times the U.S. central bank may raise interest rates twice in 2016 following weaker-than-expected April data on hiring.
The dollar index was last up 0.1 percent at 93.899 after it fell as much as 0.6 percent earlier Friday in reaction to news that U.S. employers added 160,000 workers in April, the fewest in seven months.
Earlier. the dollar dipped against a basket of currencies on Friday, though it recouped much of its losses tied to news of slower-than-expected domestic job growth in April which supported ideas the Federal Reserve would not raise interest rates in June.
"It doesn't bode well for global growth," said Charles St-Arnaud, currency strategist at Nomura Securities International in New York. "The Fed mostly likely won't be able to hike rates in June."