Asian currencies consolidate as Trump-Xi meeting draws market scrutiny

  • Asian currencies held broadly steady as markets awaited the Trump-Xi meeting.
  • The dollar stood at 156.87 yen and 6.6943 offshore Chinese yuan.
  • MUFG Bank analysts identified trade, technology and artificial-intelligence restrictions as key issues.

Asian currencies were broadly steady against the dollar in early trade at 0033 GMT as markets focused on a meeting later this week between President Trump and Chinese leader Xi Jinping. MUFG Bank analysts said economic and trade issues are likely to dominate the discussions, with technology and artificial-intelligence-related restrictions remaining key points of contention. They said a constructive post-meeting statement would support Chinese assets and regional supply-chain beneficiaries. The dollar was little changed at 156.87 yen and 6.6943 offshore Chinese yuan, while the Australian dollar rose 0.1% to US$0.7125, according to LSEG data.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.