Dollar falls amid trade uncertainty

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.