The dollar index was set for a 0.37% rise for the week

The U.S. dollar rose on Friday, on course for a small weekly gain against major rivals as investors braced for delayed inflation data that is unlikely to deter the country’s central bank from lowering interest rates next week.

Trade war worries were back on the agenda after U.S. President Donald Trump said all trade talks with Canada were terminated following what he called a fraudulent advertisement in which former President Ronald Reagan spoke negatively about tariffs.

Investor focus remains on the meeting between Trump and Chinese President Xi Jinping next week.

The meeting in South Korea has spurred some expectations of a resolution to the on-again off-again trade war between the world’s top two economies.

I think expectations are quite high for the Trump-Xi meeting, with the upside risk of a significant de-escalation following the face-to-face meeting, said Ben Bennett, head of investment strategy for Asia at L&G Asset Management.

Investors are getting used to the process of aggressive statements followed by compromise and headline deals, so hopefully this is another example. The Canada escalation could also be part of a deal process, he said.

Investors are watching out for the U.S. Consumer Price Index for September due later on Friday despite the government shutdown entering its third week.

Christian Scherrmann, U.S. economist at DWS, said it would be unwise to become complacent when looking beyond the October meeting, citing uncertainties on tariffs, inflation and the political flux in Washington.

These uncertainties will likely prevent central bankers from making too many commitments, as was the case in the September meeting, Scherrmann said. Central bankers are likely to remain data-dependent, but this time without the data.

The dollar index was set for a 0.37% rise for the week. It was last at 99.04.

The euro was 0.11% weaker at $1.1606, poised for a 0.4% drop for the week. Sterling was flat at $1.3322, headed for a nearly 0.9% weekly decline.