Asian Currencies Mixed Amid Growing Fed Rate-Hike Expectations -- Market Talk

Dow Jones09:02

0102 GMT - Asian currencies are mixed against the dollar as traders grapple with growing Fed rate-hike expectations. "June 5 delivered the sharpest single-day selloff in months across U.S. risk assets, as a blowout May jobs report boosted odds of Fed rate hikes," UOB Global Economics & Markets Research says in a note. "Looking ahead to [this] week, markets face a dense event calendar that will test the repriced rate outlook," it says, noting upcoming data such as U.S. CPI and PPI. The dollar is little changed at 160.32 yen, but rises 0.9% to 4.0630 ringgit, and is 0.8% lower at 1,547.00 won, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 07, 2026 21:02 ET (01:02 GMT)

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