U.S. dollar falls after Yellen's comments

The U.S. dollar ended lower against other major currencies on Friday after investors were digesting Federal Reserve Janet Yellen's latest remarks about future rate-hikes.

"At our meeting later this month, the (Federal Open Market) Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate," said Yellen in a speech at the Executives' Club of Chicago on Friday.

Yellen's comments came after several Fed policymakers expressed similar support for a rate-hike in the near future earlier this week.

Analysts said a rate-hike has already been priced in by the market after Fed officials' hawkish remarks bolstered speculation that the central bank will likely to act in its upcoming March meeting.

The dollar index, which measures the greenback against six major peers, rose broadly in the morning session, but then went down 0.63 percent and traded at 101.560 in late trading.

In late New York trading, the euro rose to 1.0606 dollars from 1.0497 dollars in the previous session, and the British pound climbed to 1.2283 dollars from 1.2251 U.S. dollars in the previous session. The Australian dollar increased to 0.7592 U.S. dollar from 0.7559 U.S. dollar.

The U.S. dollar bought 114.03 Japanese yen, lower than 114.55 yen of the previous session. The U.S. dollar fell to 1.0090 Swiss francs from 1.0145 Swiss francs, and it edged down to 1.3391 Canadian dollars from 1.3400 Canadian dollars. Enditem