Asian stocks gain after Trump reports 'very good conversation' with China's Xi

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.33 following a steep weakening from levels above 96.9 yesterday.

The Japanese yen was at 112.78 against the dollar after seeing lows above 112.9 in the previous session while the Australian dollar (AUD) traded at $0.7208 after Thursday’s rally from the $0.708 handle.

“AUD/USD has lifted to a one‑month high above 0.7200 assisted by a combination of the sell‑off in the USD … a recovery in global equity markets and yesterday’s Australian economic data,” Richard Grace, chief currency strategist and head of international economics at Commonwealth Bank of Australia, wrote in a note.

— CNBC’s Fred Imbert and Jacob Pramuk contributed to this report.

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