Asian Currencies Consolidate Ahead of FOMC Decision -- Market Talk

Dow Jones08:50

0050 GMT - Asian currencies consolidate against the dollar in early trade ahead of the FOMC decision due today. Uncertainty over the U.S. economic outlook caused by the Middle East conflict will likely prompt the FOMC to keep rates on hold, CBA's Carol Kong says in a research report. However, there's a risk that Fed Chair Powell is hawkish due to ongoing high inflation, which would send the greenback higher, the economist and currency strategist adds. The U.S. dollar is little changed at 1.2760 Singapore dollars and is flat at 1,473.20 won, while the greenback is 0.1% higher at 32.50 baht, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 28, 2026 20:50 ET (00:50 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment