Asia FX muted amid Fed rate uncertainty; Aussie steady after RBA hold By Investing.com
Update: 2025-11-04
Description
Global currency markets remain in a holding pattern as traders await clear signals from the Fed on interest rates. The Australian dollar held steady after the RBA kept rates unchanged, while the U.S. dollar index hovered near its highest level in three months. Mixed messages from Fed officials about potential rate cuts have left investors uncertain, leading to low trading volumes and steady Asian currencies. The Japanese yen dipped slightly, while the Singapore dollar, Chinese yuan, and Indian rupee remained unchanged. South Korea's won surged, but most other currencies stayed steady. As the week progresses, markets will continue to monitor policymakers for guidance on economic conditions.
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