Dollar rises on continued trade deal optimism

The US dollar rose against most currencies on Friday, to snap a 2-day rally amid a thaw in global markets after the US and China signed the Phase-One trade deal.

The US Vice President, Mike Pence, announced the launch of the trade talks for the Phase-Tow of the trade pact with Beijing.

Data showed today that housing starts and building permits in the US housing market rose in December.

The market will eye President Trump's impeachment trial before the US Senate next week.

Democrats in the House of Representatives voted on accusing President Trump of misusing his powers obstructing the US Congress, which may lead to his removal.

The dollar index rose against a basket of major currencies by 0.3% to 97.6 points as of 19:09 GMT, after hitting a day high of 97.6 and a low of 97.2.