The dollar fell against most major rivals on Monday amid increasing concerns about a possible trade war once more between the US and other major economies.

Canada cancelled the digital services tax aimed at US tech companies in an attempt to revive trade talks with the US.

The Canadian finance ministry said PM Mark Carney and US President Donald Trump will resume trade talks with an aim at reaching a deal by July 21.

US Trade Secretary Howard Lutnick thanked Canada for cancelling the tax, which wouldve tanked any potential trade deal with the US.

However, Trump threatened to increase tariffs on Japanese goods even further as both sides fail to reach a deal.

Later this week, the Senate will announce its decision on Trump's tax bill, while analysts also await the payrolls report later on Friday.

Otherwise, the dollar index fell 0.6% as of 20:51 GMT to 96.8, with a session-high at 97.3, and a low at 96.8.

Aussie

The Australian dollar rose 0.8% against its US counterpart as of 21:08 GMT to $0.6581.

Loonie

The Canadian dollar rose 0.4% as of 21:08 GMT against its US counterpart to $0.7342.