The dollar was set for its biggest weekly rise since May on Friday as economic data reinforced expectations for a U.S. rate hike by the end of 2015, with euro zone shares steadying after strong gains as Greece looked set to secure a bailout. The dollar steadied near a seven-week high against a basket of major currencies, receiving a boost against its peers after lower U.S. jobless claims. The dollar index is up 1.5 percent this week. The euro hovered close to a seven-week low of $1.0854 hit in the previous session. The dollar touched a three-week high of 124.23 yen. Investor attention has returned to gauging the timing of the next U.S. interest rate rise, with clues sought in U.S. CPI data and Michigan sentiment data later in the session. “The focus is turning to the U.S. rate cycle, and (the market reckons) a September rate hike is […]