Asian Currencies Consolidate Before Decision by Warsh-Led FOMC

Asian currencies are largely consolidating against a firmer U.S. dollar ahead of the first FOMC decision led by new Fed Chair Kevin Warsh. Market participants are focused on whether Warsh signals a hawkish or more balanced stance, with strategists noting uncertainty around his views on inflation, communication, and a possible trimmed CPI target. The dollar is slightly stronger versus the Korean won, flat against the Singapore dollar, and the Australian dollar is unchanged. The article suggests near-term FX trading may stay range-bound until the Fed provides clearer policy guidance, with the tone of the meeting likely to influence broader dollar direction and Asian FX volatility.