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Forex Today: Markets stabilize ahead of mid-tier US data, await news from Trump-Xi summit
Here is what you need to know on Thursday, May 14:
Fxstreet
Thu, May 14
AUD/USD Price Forecast: Hovers around 0.7250 near nine-day EMA support
AUD/USD inches lower after registering modest gains in the previous day, trading around 0.7250 during the Asian hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel, suggesting an ongoing bullish bias.
AUD/USD
Fxstreet
Thu, May 14
British Pound holds above 1.3500, as UK GDP, manufacturing data beat expectations
The Pound (GBP) remains practically flat against the US Dollar (USD) on Thursday, trading at 1.3520 at the moment of writing, and consolidating losses after pulling back from 1.3650 highs earlier in the week.
GBP/USD
Fxstreet
Thu, May 14
Japanese Yen: Weakens as Dollar rally extends – MUFG
Michael Wan at MUFG reports that the Japanese Yen (JPY) has borne the brunt of renewed US Dollar (USD) strength following hotter United States (US) inflation data. USD/JPY climbed toward prior highs as markets priced in additional Federal Reserve (Fed) tightening.
USD/JPY
Fxstreet
Thu, May 14
Swiss Franc flattens as investors await Trump’s comments on meeting with China’s Xi
The Swiss Franc (CHF) trades flat against its major currency peers, wobbling around 0.7820 against the US Dollar (USD) during the European trading session on Thursday.
USD/CHF
US Dollar Index
Fxstreet
Thu, May 14
AUD/JPY Price Forecast: Gathers strength as Trump meets Xi in Beijing, bullish bias prevails
The AUD/JPY cross trades in positive territory near 114.65 during the early European session on Thursday. Traders will closely monitor the outcome of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing later on Thursday and Friday.
AUD/JPY
Fxstreet
Thu, May 14
Euro Holds Gains Against Japanese Yen Amid Hawkish Ecb Rate Outlook
The EUR/JPY cross posts modest gains around 184.90 during the early European session on Thursday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hawkish signals by European Central Bank (ECB) officials.
EUR/JPY
Fxstreet
Thu, May 14
NZD/USD Price Forecast: Struggles to sustain above 61.8% Fibo retracement at around 0.5940
The NZD/USD pair trades marginally under pressure around 0.5935 during the late Asian trading session on Thursday.
NZD/USD
Fxstreet
Thu, May 14
Indian Rupee trades with caution ahead of Trump-Xi meeting outcome
The Indian Rupee (INR) holds onto almost week-long losses against the US Dollar (USD) in the opening session on Thursday.
Brent
Fxstreet
Thu, May 14
EUR/USD Price Forecast: Remains above 1.1700 near 50-day EMA
EUR/USD inches higher after three days of losses, trading around 1.1710 during the Asian hours on Thursday. The daily chart technical analysis indicates a potential for a bearish reversal as the pair is positioned on the lower boundary of the ascending channel pattern.
EUR/USD
Fxstreet
Thu, May 14
British Pound hovers ahead of UK GDP data, awaits Trump-Xi meeting updates
GBP/USD holds ground following three days of losses, trading around 1.3520 during the Asian hours on Thursday. Traders await the preliminary UK Gross Domestic Product (GDP) for the first quarter of 2026, along with Industrial and Manufacturing Production data due later in the day.
GBP/USD
Fxstreet
Thu, May 14
Silver Price Forecast: XAG/USD falls below $87.50 ahead of Trump-Xi meeting
Silver price (XAG/USD) loses its daily gains and halts its six-day winning streak, trading around $87.30 per troy ounce during the Asian hours on Thursday. Traders await the meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing.
Silver
Fxstreet
Thu, May 14
Australian Dollar weakens to near 0.7250, Trump–Xi talks in focus
The AUD/USD pair loses ground to near 0.7250 during the Asian trading hours on Thursday. Hotter-than-expected US inflation data provide some support to the US Dollar (USD) against the Australian Dollar (AUD).
AUD/USD
Fxstreet
Thu, May 14
Canadian Dollar moves little as traders adopt caution ahead of US-China summit
USD/CAD remains calm after six days of gains, trading around 1.3700 during the Asian hours on Thursday. The pair stays silent as the US Dollar (USD) moves little as market caution prevails ahead of a pivotal summit in Beijing between US President Donald Trump and Chinese President Xi Jinping.
USD/CAD
Brent
Fxstreet
Thu, May 14
Japanese Yen holds steady ahead of Trump–Xi summit, US Retail Sales data
The USD/JPY pair trades on a flat note near 157.85 during the early Asian session on Thursday.
USD/JPY
Fxstreet
Thu, May 14
GBP/JPY Price Forecast: Clears 50-day SMA, yet flatlines below 214.00
The GBP/JPY hovers around 213.50 on Wednesday, finishing the session barely unchanged, up a mediocre 0.04% as the Yen weakened against most G10 FX currencies.
GBP/JPY
Fxstreet
Wed, May 13
Pound Sterling reverses intraday gains as US PPI and UK political risk weighs
GBP/USD ended Wednesday little changed on a net basis, though the session included a sharp intraday swing of around 65 pips.
GBP/USD
Fxstreet
Wed, May 13
New Zealand Dollar gave back gains as hot US PPI offsets RBNZ expectations rise
NZD/USD ended Wednesday virtually flat, though the session produced a sharp two-way range of close to 50 pips.
NZD/USD
Fxstreet
Wed, May 13
Australian Dollar retreats from session peak as US PPI print beats sharply
AUD/USD gained roughly 0.3% on Wednesday, climbing through the session before peaking just below the recent cycle highs and pulling back into the close.
AUD/USD
Fxstreet
Wed, May 13
USD/JPY Price Forecast: Buyers defend 100-day SMA after intervention-driven volatility
USD/JPY trades with a mild upside bias on Wednesday as the Japanese Yen (JPY) remains under pressure from a stronger US Dollar (USD) and rising Oil prices linked to the Middle East war, given Japan’s heavy reliance on imported energy.
USD/JPY
Brent
Fxstreet
Wed, May 13
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