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U.S. dollar weakens as traders await Trump-Xi meeting and central-bank signals
Dollar falls as focus shifts to Trump-Xi talks and upcoming central-bank moves, boosting other currencies.
The U.S. dollar slipped on Tuesday as markets await the high-stakes meeting between Donald Trump and Xi Jinping and key central-bank decisions. The Federal Reserve is widely expected to announce a 25-basis-point rate cut, while investors scrutinise whether quantitative tightening will end. The euro and sterling both rose modestly, and the Japanese yen strengthened slightly ahead of the Bank of Japan meeting. The risk-on tone driven by trade-deal hopes and policy easing underpinned the weaker dollar.