Asian Currencies Broadly Weaken Ahead of Fed Decision
Dow Jones
1 hour ago
0156 GMT - Asian currencies are mostly weaker against the greenback in Asia's morning trade ahead of the Federal Reserve's policy decision later in the day. The Fed funds futures are pricing around a 92% probability of a 25bps hike, marking the first rate increase since 2023. Investors will also focus on Fed Chair Kevin Warsh's press conference as well as updated economic projections, Commerzbank Research analysts say. The U.S. dollar rises 0.2% to 155.43 yen and gains 0.6% to 1370.92 won, while the Australian dollar is 0.1% lower at US$0.7125, LSEG data show.
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