Dollar climbs on Yellen's remarks, data; C$ weakens on corporate selling

New York

THE US dollar ended higher against most major currencies on Friday as investors were still digesting Federal Reserve chief Janet Yellen's remarks and a batch of economic data earlier during the week.

In her testimony before Congress on Tuesday and Wednesday, Ms Yellen gave an upbeat assessment of the economy, saying that it has continued to make progress towards the maximum employment and price stability objectives. She also implied a faster pace of interest rate hikes in the future.