The dollar fell to a five-week low after U.S. President Donald Trump said he'd prefer not to impose tariffs on China. In an interview with Fox News aired Thursday, he said China doesn't want tariffs and he would "rather not" use them.

Global shares rose on Wednesday, powered by a rise in technology stocks after U.S. President Donald Trump announced mammoth spending plans for artificial intelligence infrastructure, while the dollar sagged to a two-week low as tariffs were delayed.

Gold futures rose to three-month highs on general uncertainty and a weaker U.S. dollar, and are approaching all-time highs. Futures were up 0.7% at $2,784.20 a troy ounce, the highest point for three months and near the late October all-time record of $2,

The U.S. dollar weakened on President Donald Trump’s Inauguration Day, and remained under pressure Tuesday after it became clear immediate tariffs weren’t in the cards, according to BofA Global Research.

The dollar fell on Friday, on track to log its worst week in more than a year, after U.S. President Donald Trump suggested a potentially softer stance on tariffs against China which added to uncertainties around U.

Global stocks are moving higher following a softening of his stance on universal tariffs from President Donald Trump.