Xi, Putin and pressures on Asia FX

This week on The Currency Exchange, Eimear Daly and Aditya Sharma explore the geopolitical and macroeconomic developments shaping global FX markets. The discussion focuses on Chinese diplomacy following President Xi Jinping’s meetings with Donald Trump and Vladimir Putin, the implications for China-US relations, and the broader impact of energy market disruptions on Asian currencies.The episode also examines the prospect of Chinese stimulus, and the growing pressure across emerging Asian FX markets including the Indonesian rupiah, Korean won and Indian rupee. This episode was recorded on 21 May 2026. For any terms used please refer to this glossary https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html