The dollar held firm versus the yen on Friday after U.S. President Donald Trump indicated a softer approach on Chinese investment in U.S. technology companies.
The White House announced on Wednesday that it would not be looking to impose the new 25% new limits on Chinese ownership in U.S. tech-related companies, as reports had suggested earlier in the week. Instead, the government would rely on the newly strengthened Committee on Foreign Investment in the United States, or CFIUS, to deal with concerns.
The U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, stood at 95.02, up 0.01%. The index rose to as high as 95.534 on Thursday, the highest level since almost a year ago.
The prospects of rising U.S. interest rates were also cited as supporting the dollar.
