The dollar rose on Friday, reflecting investor confidence in the US economy, despite US President Donald H. Trump's criticism of the US Federal Reserve and the fall in US equities.
The dollar index, which tracks the performance of the greenback against six major currencies, stabilized at 95 on Friday, down from a record high of 96.15 on Tuesday.The Japanese currency, a favorite currency in times of market turmoil, was trading at 112.34 yen on Friday. The currency rose to 111.83 yen for the dollar Thursday, its highest level since Sept. 18.
The Australian dollar hit $ 0.7122, recovering from a two-year low of $ 0.7039 on Monday.
The rally came supported by promising news from China's largest trading partner.
