Investing.com - The U.S. dollar was lower against other currencies on Friday, as investors waited to see if the White House would impose additional tariffs on China.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.09% to 94.90 as of 4:48 AM ET (8:48 GMT).
U.S. President Donald Trump could put tariffs on another $200 billion worth of Chinese goods that could go into effect as soon as Friday. China said it would retaliate if new tariffs were imposed.
Meanwhile trade negotiations to revamp the North American Free Trade Agreement (NAFTA) with Canada continued. America’s northern neighbor has said there is room to come up with a deal, but a deal by the end of Friday is unlikely.
The loonie was higher against the dollar, with USD/CAD falling 0.09% to 1.3131.
The dollar inched down against the safe-haven yen, with USD/JPY decreasing 0.04% to 110.71 amid reports that Trump could look at trade with Japan next. The president has previously expressed concern about the U.S. trade deficit with Japan.
The euro and sterling were pushed higher from the lower dollar, with EUR/USD rising 0.21% to 1.1645 and GBP/USD increasing 0.09% to 1.2939.
The Turkish lira rose against the greenback with USD/TRY down 1.73% to 6.4525.
Meanwhile the Australian dollar was lower, with AUD/USD dipping 0.31% to 0.7161 while NZD/USD was down 0.11% to 0.6582.