Asian currencies steady as traders await the Fed decision
Market Talk reports Asian currencies are consolidating ahead of the Fed decision, with markets pricing about a 90% chance of a hold. Brazil's real fell 8% after the election.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Asian currencies are consolidating against the U.S. dollar in early trade. Attention is focused on the Federal Reserve's rate decision due on Wednesday, and according to UOB's research team, markets price about a 90% probability of a hold. Futures already point to roughly an 80% chance of a rate increase at the December meeting, UOB adds.
The dollar slipped 0.2% to 1,323.30 won, was little changed at 1.2805 Singapore dollars, while the Australian dollar rose 0.1% to US$0.7023, according to LSEG data. Analysts also expect Australian CPI data and remarks from RBA Governor Michele Bullock on Wednesday, and most economists in New Zealand forecast a 25 basis point hike to 3.0%.
why it matters
Several central bank decisions landing at once raise volatility in currency markets. Analysts say the tone from the Fed and the RBA could move exchange rates more than the inflation figures themselves. In Brazil, the iBovespa fell 13% after Lula da Silva's reelection, and the real weakened 8% against the dollar.
market impact
Asian currencies and AUD: uncertainty ahead of Fed and RBA decisions drives currency swings
tags
instruments
sources
- Asian Currencies Consolidate as Focus Turns to Fed Decision — Market Talk, 27 October 2026 at 01:59 UTC
- Asian Currencies Consolidate as Focus Turns to Fed Decision — Market Talk, 27 October 2026 at 01:59 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗