Fears have grown in recent months that the US-China trade dispute is just one element in a bilateral relationship that is fast cooling across the board, with top US administration officials sharply criticising Beijing for everything from human rights abuses to cyber espionage in the United States.
If a deal wasn't made by that date, the White House has said it will raise the tariff rate on more than $200 billion worth of Chinese goods to 25% from their current level of 10%.
"Beyond its safe haven appeal, the dollar is still the highest-yielding currency in the developed world and with all major central banks turning dovish, the greenback seems relatively attractive".
The rising threat to growth means equity markets will focus on earnings from major USA companies for clues about the path of consumer shares.
During a South China Sea freedom-of-navigation operation in September, a Chinese destroyer challenged a US vessel to a showdown, forcing the US Navy ship off course and risking a deadly collision.
The single currency was relatively unchanged at $1.1278 in Asian trade, having lost almost half a percent on Monday.
Those odds got a boost on Monday after US lawmakers reached a tentative deal on border security funding, though aides cautioned that it did not contain the $5.7 billion President Donald Trump wants to build a wall on the Mexican border.
Speaking about the most recent operation, Commander Clay Doss, a spokesman for the U.S. Navy's 7th Fleet, told CNN that the action was meant to "to challenge excessive maritime claims and preserve access to the waterways as governed by worldwide law".
MSCI's broadest index of Asia-Pacific shares outside Japan was unchanged in early trade.
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Shanghai rose 0.35 percent, South Korea's KOSPI climbed 0.6 percent and Australian shares gained 0.3 percent.
"There will be no victor in a trade war". The Tokyo market was closed on Monday.
Although the Federal Reserve's dovish turn dented the dollar earlier this year, some analysts noted the USA currency still has the highest yield among major peers and that the Fed continues to shrink its balance sheet.
"The dollar is the market's pet currency at present regardless of whether concerns about the global economy are on the rise", currency strategists at Commerzbank said in a note. The dollar reached its highest in six weeks against a basket of other currencies, rising for an eighth consecutive day as investors piled into the greenback.
Growing evidence of a loss of momentum in the global economy has also lifted the US currency, most recently led by the European Commission's downgrade of growth in Europe, making the dollar a better investment option by default.
In contrast, the euro dropped to as low as $1.1267, its weakest in 2-1/2 months, and last traded at $1.1277.
That development comes in the wake of other news headlines that markets have had to process since late last week.
United States crude futures traded at $52.55 per barrel, up 0.27 percent. Gold was a touch stronger at $1,312 an ounce.