Dollar Firms as Trump-Xi Talks Keep Asia FX Alerted

​

On May 13, 2026, currency markets steadied after hotter U.S. inflation data lifted the dollar and sharpened attention on Donald Trump’s China visit.

Dollar Rally Deepens as Asia FX Awaits Trump-Xi Meeting

Asian currencies held losses as investors weighed stubborn U.S. inflation against a closely watched meeting between President Donald Trump and Chinese leader Xi Jinping. The dollar index climbed 0.2% to 98.49, while the euro slipped to $1.1714 and sterling weakened to $1.3507 across the region.

Oil Shock Keeps Traders Watching

Trump arrived in China alongside executives from Nvidia and Boeing, fueling expectations for fresh commercial agreements. Yet the spotlight remained on elevated oil prices and the fragile Iran ceasefire.

Australia’s dollar edged up 0.1% to $0.7252, although Japan’s yen weakened toward 157.78 per dollar amid intervention speculation.