Asian Currencies Consolidate; May be Supported by Diminished Fed Rate-hike Prospects

Dow Jones08:46

0046 GMT - Asian currencies consolidate against the dollar in early trade, but may be supported by diminished prospects of Fed rate hikes. New York Fed President Williams said overnight that current stance of monetary policy is well positioned to return inflation back to the Fed's 2% goal, CBA's Samara Hammoud notes. "Financial markets slightly reduced expectations for U.S. interest-rate hikes this year," the international economist and currency strategist says in a research report. The U.S. dollar is little changed at 161.79 yen and is flat at 6.8014 offshore yuan, while the Australian dollar edges 0.1% lower to US$0.6898, LSEG data show.(ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 25, 2026 20:46 ET (00:46 GMT)

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