Asian Currencies Consolidate; May be Buoyed by Reduced Fed Rate-hike Expectations
Dow Jones08:41
0041 GMT - Asian currencies consolidate against the dollar in early trade, but may be buoyed by reduced Fed rate-hike expectations. The "U.S. CPI data for June came in well below expectations," CBA's Samara Hammoud says in a research report. "Markets unwound expectations for a July Federal Reserve interest rate hike from around 45% to 18% following the data release," says the international economist and currency strategist. The U.S. dollar is little changed at 162.17 yen, but edges 0.1% higher to 1,490.60 won, while the Australian dollar is 0.1% higher at US$0.6979, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 20:41 ET (00:41 GMT)
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