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.
For comments and feedback contact: editorial@rttnews.com
Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.