While the dollar was little changed ahead of the U.S. July job reports due later in the day, Gold prices traded lower .
The dollar was little changed as traders await the monthly jobs report for more cues.
The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, was down 0.01% to 94.99 on Friday.
According to a Reuters survey of economists, nonfarm payrolls likely rose by 190,000 jobs in July after increasing by 213,000 in June.
Ichikawa at Sumitomo Mitsui Asset Management said “A decent jobs report should prompt a straight-forward reaction by the markets, with U.S. yields rising and the dollar gaining,” .
The U.S. dollar received some support in the previous session from trade tensions that returned to focus this week.
Ross said “We have to create a situation where it’s more painful for them to continue their bad practices than it is to reform,” Ross said in an interview on Fox Business Network on Thursday. The U.S. will keep turning up the pressure on China for as long as the country refuses to level the economic playing field .
He said “The reason for the tariffs to begin with was to try and convince the Chinese to modify their behavior. Instead they have been retaliating. So the president now feels that it’s potentially time to put more pressure on, in order to modify their behavior,” .