Source link : https://news7.asia/news/asia-fx-holds-sharp-losses-as-dollar-firms-ahead-of-key-us-data-investing-com/
Asian foreign exchange markets experienced notable declines on Tuesday as the US dollar strengthened ahead of crucial economic data releases from the United States. Investors remained cautious ahead of key indicators expected to provide fresh insights into the health of the world’s largest economy, prompting a risk-off sentiment across regional currencies. The dollar’s advance weighed heavily on a range of Asian currencies, underscoring the market’s sensitivity to upcoming US economic reports and their potential impact on Federal Reserve policy.
Asia FX Retreats as US Dollar Strengthens Ahead of Critical Economic Indicators
The US dollar demonstrated renewed vigor on Tuesday, exerting downward pressure on key Asian currencies amid heightened anticipation of imminent economic data from the United States. Traders are positioning themselves ahead of the crucial inflation and employment reports expected later this week, which are widely viewed as pivotal in shaping Federal Reserve’s monetary policy trajectory. The Japanese yen, South Korean won, and Australian dollar all endured notable declines, reflecting market jitters around potential interest rate adjustments and their repercussions on global trade flows.
- Japanese Yen (JPY): Slipped against the greenback as investors sought safer bets.
- South Korean Won (KRW): Fell amid concerns over export growth amid a firmer dollar.
- Australian Dollar (AUD): Weakened on risk-off sentiment stemming from uneven COVID-19 recovery…
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Author : Ava Thompson
Publish date : 2025-09-25 06:01:00
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