Dollar rises as oil prices close at record gains in previous session

Dollar rises as oil prices close at record gains in previous session

The U.S. dollar rose slightly in Asia on Friday after crude oil prices surged by almost 25% in a previous session. The jump in oil prices came after U.S. President Donald Trump signalled on a potential truce between Saudi Arabia and Russia regarding their price war on Thursday.

The Greenback, against a basket of currencies rose by 0.04% to 100.31 by 11.32 AM ET (04:32 GMT).

Against the Japanese Yen (JPY), the U.S. dollar (USD) went up by 0.01% to 107.92. Meanwhile, the Australian Dollar (AUD) gained 0.09% against the USD to 0.6065 as the New Zealand Dollar (NZD) slipped by 0.12% to 0.5909.

Against the Chinese Yuan the Dollar inched up by 0.1% to 7.0890 while the British Pound sterling fell by 0.14% to 1.2374 per Dollar.

Despite steady gains, investors remained cautiously optimistic after the World Health Organization said that the global number of confirmed cases had risen to 900,306 as of April 2nd.

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