The dollar climbed for a fifth straight session on Friday, set for sharp weekly gains, amid elevated expectations for interest rate hikes. A lack of major breakthroughs on key areas such as trade, artificial intelligence, and the Iran war from President Donald Trump’s high-stakes visit to China also weighed on risk sentiment and boosted safe haven demand.
At 16:55 ET (20:55 GMT), the U.S. dollar index, which tracks the greenback against a basket of six major peers, was up 0.5% to 99.30.
Source : Innvesting.com