Dollar Rallies for Second Week as Traders Focus on Economic Data

The dollar capped off a second positive week, clawing back some of this year’s steep losses, as economic data puts Federal Reserve interest-rate cuts in question.

A gauge of the greenback’s strength against peers slipped Friday but has risen about 1.3% since July 7, the best two-week performance this year. It’s still down roughly 8% year to date after a bruising first half.