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In day-to-day market action, US inventories declined prior to the implementation of Washington's higher tariffs on Chinese products.
Chinese Vice Premier Liu He is currently in Washington for trade talks with the United States. Liu however meets with Trump's commercial team without the title of "special envoy" of Chinese President Xi Jinping, role he had played in previous talks, suggesting that he lost the ability to make concessions that could be crucial to reaching an agreement.
Recent events have marked a reversal of confidence as investors expect an agreement between the two economic powers to be announced to end their long trade war.
"From the point of view of the Chinese government, I think they will tend to get a little bored because the Chinese government is really concerned about planning," said Jim McCafferty, head of research for the Chinese government. Asia outside Japan within Nomura Securities. CNBC Squawk Box Friday.
"It is very difficult to plan when you have this erratic partner in the United States, who changes (often) mind everyday, so I think that attitudes will change and that the Chinese will be at risk. bored, "said McCafferty.
The US dollar index, which compares the greenback to a basket of peers, stood at 97.366 after sliding above 97.5 levels yesterday.
The Japanese yen, widely regarded as a safe haven currency, traded at 109.90 against the dollar after hitting a high of 109.68. The Australian dollar stood at 0.7003 USD, during a rough week of trading that saw the scale of the currency peaking above 0.7020 USD.
Oil prices rose in the morning of Asian trading hours, Brent's international benchmark futures contract gained 0.94% to $ 71.05 a barrel and US futures contracts with a barrel.
– Yun Li from CNBC contributed to this report.
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