The dollar strengthened after the speech of Yellen

Dollar strengthend its position in the course of trading on Friday after the governor of the Federal Reserve Janet Yellen said, that the likelihood of interest rates hike has increased, though not pointed at the approaching of tightening of monetary policy.
The US currency rose after the speech of Yellen, but then turned down, as investors analyzed some of the details of a more peaceful character.
Speaking at a conference of representatives of the world's central bankers in Jackson Hole, Wyoming, Yellen said, that the probability of a Fed rate hike has increased in recent months in connection with improvements in the labor market and the prospects for accelerated economic growth.
The US Commerce Department reported on Friday, that the country's economy in the second quarter of 2016 expanded at a slower pace than previously thought. US GDP grew by 1.1 percent over the same period of 2015, according to revised data. Meanwhile, consumer spending, which make up more than two-thirds of the index of economic activity, showed the strongest growth since the fourth quarter of 2014.