Asian Currencies Consolidate; May be Weighed by Fed Rate-hike Expectations

Dow Jones08:47

0047 GMT - Asian currencies consolidate against dollar in early trade but may be weighed by expectations of Fed rate hikes that enhance the appeal of U.S. dollar-denominated fixed-income assets. Market participants are reassessing upward the future trajectory of U.S. interest rates, CBA's Joseph Capurso says in a research report. Fed Chairman Warsh's "first policy meeting last week was perceived to be hawkish," the head of Foreign Exchange, International & Geoeconomics says. The U.S. dollar rises 0.4% to 1,547.80 won, but edges 0.1% lower to 4.1300 ringgit and is little changed at 161.72 yen, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 24, 2026 20:47 ET (00:47 GMT)

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