US Dollar: Summit-driven correction view – DBS

💡 DMK Insight

The Trump-Xi Summit is shifting market sentiment, and here’s why that matters: USD bulls are gaining traction as trade discussions heat up. President Trump’s emphasis on economic cooperation signals a potential thaw in U.S.-China relations, which could lead to a stronger USD. Traders should watch for immediate reactions in the forex markets, particularly against the CNY and JPY, as any positive developments could push the USD higher. If the USD/CNY breaks above key resistance levels, it could trigger further bullish momentum. On the flip side, if talks stall or turn negative, expect volatility and potential sell-offs in USD pairs. Keep an eye on the daily charts for breakout patterns and monitor news from the summit closely for actionable insights.