Dollar inches up after Trump's press conference

The US dollar edged up on Friday, as the stocks turned higher, after fears eased about US President Donald Trump's decision to cut ties with China.

During his press conference at the White House, Trump criticized China due to what he described as China’s pattern of misconduct is well known as it has used the US for decades and costed the country hundreds of billions of dollars.

Trump added that the world is still waiting for answers about the spread of the coronavirus, which has emerged from China and spread to all the world.

Trump also ordered US financial regulators to track all Chinese firms listed on U.S. stock markets and imposed sanctions on officials from Hong Kong and Beijing due to President Xi Jinping's decision to  to curb Hong Kong’s autonomy.

The dollar index rose 0.1% to 98.5 points as of 18:55 GMT, after it hit a high of 98.5 and a low of 97.9.