The US dollar fell against most major currencies on Friday amid uncertainty over the US-China trade talks, despite positive remarks by the White House economic adviser Larry Kudlow.

Kudlow said that he expects further progress in the US and China trade talks, and the first phase of the trade deal is getting close.

Whilst, global markets remain skeptical of the possibility of a final and sustainable trade deal to end the ongoing trade war between the two sides.

The Wall Street Journal cited that there were deep hurdles in the way of talks, chief among those is the amount of US farm goods China have to buy.

US data showed today that retail sales rose by 0.3% in October, while the industrial production fell by 0.8%, and import prices fell by 0.5%.

The dollar index fell against a basket of  currencies by 0.2% to 98 points as of 19:03 GMT, and hit an intraday high of 98.2 and a low of 97.9.

The Canadian dollar tilted higher against the greenback on Friday, after positive comments by the Governor of the Bank of Canada Stephen Poloz.

Poloz said global central banks are facing considerable uncertainty, especially over new technologies and their relation to monetary policy.

He added that managing the fourth industrial revolution will pose a challenge for central banks and hinted at other challenges such as the global trade war.

The White House economic adviser Larry Kudlow said that he expects further progress in the US and China trade talks, and the first phase of the trade deal is getting close.

CAD/USD rose by 0.1% to 0.7559 as of 16:58 GMT, with a high of 0.757 and a low of 0.7541.

Baker Hughes Co announced today that the US crude oil drilling rigs count declined 10 rigs to 674 during this week.

While the natural gas rigs fell by 1 rig to 129 rigs, with the total of oil and gas rigs declining by 11 to 806.

Oil prices rose surged today, to wipe out earlier losses ahead of the US oil rigs and drilling activities data.

Baker Hughes will reveal later the US drilling activities and rigs count for this week.

Otherwise, the dollar index fell against a basket of  currencies by 0.2% to 97.9 points as of 17:44 GMT, and hit an intraday high of 98.2 and a low of 97.9.

Global markets are monitoring the recent updates and developments of the US-China trade talks amid hopes that the first phase of the trade deal will be reached soon.

West Texas Intermediate (WTI) rose by 1.8% to $57.8 a barrel as of 17:39 GMT, and hit a high of $57.9 and a low of $56.4.

Brent rose by 1.9% to $63.4 a barrel, with a high of $63.6 and a low of $61.7.