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Swiss Franc steadies above 0.7800 as traders brace for US PPI data, Trump-Xi summit
The USD/CHF pair trades on a flat note around 0.7805 during the early European trading hours on Wednesday. Traders await the key US inflation data and continue to assess the developments surrounding US-China talks later this week.
Fxstreet
Wed, May 13
Chinese-US leaders hold talks in Seoul ahead of high-profile leaders’ summit
Ahead of US President Donald Trump’s state visit to China, US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will hold economic and trade negotiations in South Korea on Wednesday, the South China Morning Post reported on Wednesday.
Fxstreet
Wed, May 13
RBNZ Survey: NZ two-year inflation expectations rise to 2.53% QoQ in Q2 2026
New Zealand's (NZ) inflation expectations rose on a 12-month time frame and on a two-year time frame for the second quarter of 2026, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Wednesday.
Fxstreet
Wed, May 13
OECD projects BoJ hiking rates to 2% by end-2027
The Organization for Economic Co-operation and Development (OECD) projected the Bank of Japan (BoJ) will raise its policy rate to 2.0% by end-2027 from 0.75% currently, supported by higher inflation expectations, solid wage growth and a closed output gap.Fxstreet
Wed, May 13
New Zealand's Luxon says will trim new spending, stick to surplus path amid uncertainty
New Zealand's Prime Minister Christopher Luxon said that global uncertainties from the Middle East conflict reinforced the need for responsible economic management and fiscal discipline, Reuters reported on Wednesday.Fxstreet
Wed, May 13
US President Donald Trump says trade will be priority in summit with Xi, not Iran
US President Donald Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping and downplayed the amount of attention they would devote to the Iran war, Bloomberg reported on Tuesday.Fxstreet
Wed, May 13
US: AI impact to labor market stays limited – TD Securities
TD Securities’ Chief US Macro Strategist Oscar Munoz argues that 2026 US labor data suggest Artificial Intelligence is only modestly affecting employment so far. He highlights that AI adoption remains low across industries and concentrated in large, knowledge-intensive firms.Fxstreet
Tue, May 12
Malaysian Ringgit: Range holds as Malaysia outperforms – Commerzbank
Commerzbank strategists note that USD/MYR has remained in a 3.90–4.05 range since the Middle East conflict began. Malaysia’s March industrial production grew 3.1% year-on-year, supported by strong manufacturing and electronics despite weaker mining.Fxstreet
Tue, May 12
Europe: Export to US slump and tariff risks – Standard Chartered
Standard Chartered’s Christopher Graham notes that European Union (EU) exports to the United States (US) are now contracting at rates comparable to COVID and GFC (Great Financial Crisis) periods, potentially reflecting both prior export frontloading and emerging structural weakness.Fxstreet
Tue, May 12
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