The U.S. dollar firmed up against its peers amid an escalation in tensions between the U.S. and China after US President Donald Trump and Secretary of State Mike Pompeo accused the Chinese government for the spread of the coronavirus and threatened to retaliate against China.
After threatening China that his administration would impose retaliatory tariffs on China earlier in the week, Trump reiterated on Friday that the U.S. is considering several plans to retaliate for the spread of the coronavirus out of Wuhan, China.
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