The dollar firmed on Monday as traders pondered the ramifications of U.S. President Donald Trump's tariff plans at the start of a week in which the Federal Reserve is widely expected to hold interest rates steady.

U.S. stock futures and the dollar were both sliding on Friday as Asian markets rallied after President Trump signaled he wouldn’t rush to raise tariffs on China. The moves came after Trump said he “would rather not” hike levies on imports from China,

The U.S. dollar edged up versus the euro but dropped against the yen on Monday as concerns about U.S. tariffs returned and investors braced for a raft of central bank policy meetings and economic data later this week.