Asian Currencies Consolidate Before Decision by Warsh-Led FOMC -- Market Talk

Dow Jones06-17

0029 GMT - Asian currencies consolidate against the dollar before first decision by a FOMC led by Chairman Kevin Warsh later. Warsh's "AI-is-disinflationary" credentials, lingering questions about his loyalty to President Trump, and "preference for a trimmed CPI target all raise questions about where he sits on the hawk-dove spectrum," Westpac Strategy Group's Richard Franulovich says in commentary. "The risk has to be that he delivers a more even-handed tone than positioning assumes," the head of FX Strategy adds. The U.S. dollar edges 0.1% higher to 1,510.60 won and is flat at 1.2816 Singapore dollars, while the Australian dollar is little changed at US$0.7068, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 16, 2026 20:29 ET (00:29 GMT)

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