The US dollar rose as Trump renewed hopes for trade talks between the United States and China.

After the US dollar suffered heavy losses during volatile weeks after Trump's announcement of tariffs and a cut in interest rates, and investors fled from US assets, the dollar stabilized slightly this week near the levels of 99.60, and it is likely that we have passed the peak of these tariffs.

Regarding the confrontation between the United States and China, both sides have indicated that they will not raise tariff rates beyond current levels.

Because the current high percentage of duties has already disrupted trade between the world's two largest economies, and raised concerns about slowing global growth.

However, this week the United States changed its position, saying that the situation is unsustainable, and that China is considering exempting some US imports from its 125% tariffs, in the biggest indication yet of Beijing's fears of economic repercussions.

This week, Trump said that he had discussed the possibility of calming the mutual tariff battle between China and the United States, and said that direct talks were already underway, but pixen later denied that such discussions had begun.

But some progress has already been made in trade talks with its two Asian allies, South Korea and Japan, which naturally led to a rise in the dollar amid signs of progress in ongoing discussions with South Korea and Japan.

On the other hand, Bank of Japan Governor Kazuo Ueda confirmed on Thursday the central bank's commitment to raise interest rates if core inflation rises as expected, but stressed the need for policymakers to study the repercussions of U.S. tariffs.

Data on Friday showed core consumer prices in the Japanese capital rose by 3.4% in April compared to a year earlier, rising for the second month in a row.

The Bank of Japan is widely expected to keep its monetary policy unchanged at its two-day meeting next week, which ends on the first of May.