Asian currencies held steady against the dollar in early trade, with National Australia Bank’s Rodrigo Catril noting that risk appetite may provide support. He said markets have reassessed the Fed’s stance more positively, viewing Chair Powell’s “meeting by meeting” guidance as prudent. Overnight U.S. data pointed to labour market resilience and improving business sentiment, reinforcing the backdrop.
This article was written by Eamonn Sheridan at investinglive.com.
