The dollar rose against major rivals on Wednesday as the markets assess the ongoing US-China trade talks, and before important US inflation data.

The negotiations entered their second day in London as both sides aim to stop the trade war and reach an agreement, after the dispute disrupted supplies of rare-earth minerals and impacted many industries.

The US Trade Secretary Howard Lutnick said negotiations with China are progressing satisfactorily, expecting talks to continue all day.

Now markets await crucial US consumer prices data on Wednesday, followed by producer prices data on Friday to gather clues on future Fed rate cuts.

On trading, the dollar index rose 0.1% as of 21:06 GMT to 99.04, with a session-high at 99.3, and a low at 98.8.

Loonie

The Canadian dollar rose 0.2% against its US counterpart as of 21:23 GMT to $0.7312.

Aussie

The Australian dollar rose 0.1% against the US dollar to $0.6523 as of 21:23 GMT.