The US dollar fell against most major rivals on Monday, although mildly, as trade concerns calmed down with the markets now focused on the Federal Reserves policy meeting this week.

The Federal Reserves policy meeting starts tomorrow, with the bank widely expected to hold interest rates flat despite Trumps calls to cut rates.

Investors will assess Fed Chair Jerome Powells remarks closely following the meeting to gauge the likely pace ahead of interest rate cuts this year.

Earlier US data showed the ISM services PMI up to 51.6 in April from 50.8 in March, while analysts expected a dip to 50.2.

Otherwise, Beijing finally hinted this week that its open for negotiations with Washington on trade, thus calming investor concerns about the trade war.

On trading, the dollar index fell 0.1% to 99.9 as of 19:39 GMT, with a session-high at 100.05, and a low at 99.4.

Aussie

The Australian dollar rose 0.3% against its US counterpart to 0.6466.

Loonie

The Canadian dollar rose 0.1% against the greenback as of 19:55 GMT to 0.7239.

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