CNBC Daily Open: May the 'AI Force' be with you

The announcement of an 'AI Force' by President Trump is a significant development, particularly as artificial intelligence continues to play a growing role in the global economy. This move is likely aimed at positioning the US as a leader in AI technology, which could have implications for trade and economic competitiveness, especially in the context of the upcoming meeting with Chinese President Xi Jinping.

The creation of an 'AI Force' suggests that the US is taking a more proactive approach to regulating and harnessing the potential of AI, which could have far-reaching consequences for industries such as finance, healthcare, and technology. As AI becomes increasingly integral to economic growth and development, the US and China - the world's two largest economies - are likely to be at the forefront of shaping the global AI landscape. This could lead to new opportunities for cooperation, but also raises the risk of increased competition and potential tensions between the two nations.

Looking ahead, market participants will be watching to see how the 'AI Force' is implemented and what specific policies and initiatives emerge from this new initiative. They will also be closely following the meeting between President Trump and President Xi Jinping, as any developments on the AI front could have significant implications for the global economy, trade, and the value of the US dollar. The dollar's value, in particular, may be influenced by any signs of progress or tensions in US-China relations, which could impact currency markets and investor sentiment.

Originally reported by cnbc.com. CurrencyNews adds analysis for finance & markets readers.