The dollar index closed up 0.51 percent to 101.18 against a basket of currencies on Friday as New York Fed president said the U.S. central bank’s plan to trim its balance sheet will have little impact on its decision on raising interest rates. The euro fell 0.51 percent at $1.0588 against the greenback. Against the yen, the dollar was up 0.23 percent at 111.05. The euro is expected to meet resistance and support against the dollar at $1.0880 and $1.0480 respectively, while the dollar is expected to meet resistance and support against the yen at 113.00 and 108.50 respectively.

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