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.
Comments