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Urgent: U.S. dollar rises on Yellen's speech

Xinhua, May 23, 2015 Adjust font size:

The U.S. dollar soared against other major currencies on Friday as Federal Reserve Chair Janet Yellen said she expects to raise interest rates this year if the economy continues to improve.

In late New York trading, the euro dropped to 1.1012 dollars from 1.1133 dollars in the previous session, while the dollar bought 121.53 Japanese yen, higher than 120.97 yen of the previous session. Endite