The U.S. dollar edged higher across the board on Monday, a day before the deadline for Washington and Beijing to strike a tariff deal and the release of a U.S. inflation report that could help determine whether the Federal Reserve lowers borrowing costs next month.

The U.S. dollar (DXY) held steady on Monday ahead of Tuesday’s deadline for the U.S. and China to strike a tariff deal.  The greenback was last up 0.30% at $98.50. Investors are also keeping an eye out for the inflation report due this week which could help determine the Federal Reserve’s policy direction.

The U.S. dollar strengthened ahead of the deadline for a U.S.-China tariff deal and a key inflation report that could influence Federal Reserve interest rate decisions. A modest hawkish repricing of Fed expectations bolstered the dollar.