The US dollar fell against most major rivals on Wednesday as investors assess US President Trumps tariff negotiations with major trading partners, including China.

The Trump administration granted countries a deadline until today to offer their best trade deals, while also imposing 50% tariffs on steel and aluminum imports.

Trump is scheduled to talk to Chinese President Xi Jinping this week on the phone after both countries traded accusations of violating the trade agreement reached in Geneva.

Data Returns to Forefront

Economic indicators are back in the forefront this week, with the dollar index down 0.8% against a basket of major rivals after manufacturing data showed contraction, but it rebounded after an unexpected rise in job openings.

The dollar was little changed against the yen at 143.95, while falling 0.16% against the franc to 0.8228.

The euro rose 0.21% on the greenback to $1.1395, before the ECBs policy decision tomorrow.

Sterling rose 0.14% to $1.3539, with UK mineral exports exempted from the latest UK tariffs due to their trade agreement.

The dollar index stayed unchanged at 99.12, an April low.

Keeping on with other currencies, the Australian dollar rose 0.12% to $0.647, after data showed Australian GDP grew mildly in the first quarter.

The Canadian dollar was unchanged at 1.3714 against the greenback, as the Bank of Canada is expected to maintain interest rates unchanged.

Chinas yuan has settled as well at 7.1886 against the dollar.

South Koreas won rose 0.9% to 1,365.4 against the dollar after the Liberal candidate won the presidential elections.