U.S. trade tariffs remained the biggest point of focus, after they took effect against a slew of major economies from last week

Most Asian currencies kept to a tight range on Monday with focus squarely on a looming deadline for a U.S.-China trade deal, while the dollar steadied ahead of key inflation data due this week.

U.S. trade tariffs remained the biggest point of focus, after they took effect against a slew of major economies from last week. Focus was also on upcoming talks between Russia and the U.S. this week, which could help determine tariff levels for India and China.

The Chinese yuan’s pair moved little on Monday, after data released over the weekend showed deflation remained largely in play in July.

Chinese consumer price index inflation was flat, while producer price index inflation shrank more than expected. The print highlighted fading support from Beijing’s recent stimulus measures, while a trade truce with Washington also offered limited relief.

U.S.-China trade relations came into renewed focus this week before an August 12 deadline for a permanent trade truce between the two countries.

Washington and Beijing had agreed to temporarily lower their respective trade tariffs earlier this year, and were seen working towards a more permanent trade deal, with President Donald Trump setting an August 12 deadline for an agreement.

Trump signalled last week that he was likely to extend this deadline, with dialogue between the world’s biggest economies set to continue.

Uncertainty over U.S. trade and China provided middling cues to regional currencies. The Japanese yen’s pair fell 0.1% in thin trade, while the Singapore dollar’s pair fell 0.1%.

The South Korean won’s pair fell 0.2%, while the Taiwan dollar’s pair fell 0.1%.

The Indian rupee’s pair rose slightly and remained in sight of record highs hit last week, as sentiment towards India was little bit impacted by Trump imposing up to 50% tariffs on New Delhi over its buying of Russian oil.

The Australian dollar’s pair fell slightly before a Reserve Bank of Australia meeting on Tuesday, where the central bank is widely expected to cut interest rates after a surprise hold in July.