U.S. dollar jumps on Fed official comments

The U.S. dollar rose against other major currencies on Friday as remarks from U.S. Federal Reserve officials strengthened the case for a September rate hike.

Boston Fed President Eric Rosengren said in a speech that low interest rates are increasing the chance of overheating the U.S. economy, according to the media reports.

Gradually tightening monetary policy is appropriate to maintain full employment, he added.

However, Fed Governor Daniel Tarullo, also a voting member of the Fed's policymaking committee, said he wanted to see more evidence of inflation before raising rates.

The Federal Open Market Committee, the Fed's monetary policy arm, is set to meet on Sept. 20-21.

There is no major economic data due out Friday.

The dollar index, which measures the greenback against six major peers, was up 0.32 percent at 95.334 in late trading.

In late New York trading, the euro fell to 1.1226 dollars from 1.1257 dollars in the previous session, and the British pound decreased to 1.3271 dollars from 1.3299 U.S. dollars in the previous session. The Australian dollar dipped to 0.7552 dollar from 0.7643 dollar.

The U.S. dollar bought 102.69 Japanese yen, higher than 102.50 yen of the previous session. The U.S. dollar rallied to 0.9755 Swiss franc from 0.9728 Swiss franc, and it moved up to 1.3029 Canadian dollars from 1.2919 Canadian dollars. Endit