Asian Currencies Consolidate Ahead of FOMC Decision -- Market Talk

0017 GMT - Asian currencies consolidate against the dollar in early trade ahead of the FOMC decision due later today. "We expect the FOMC to keep the [Fed] Funds rate unchanged, though one or two may dissent in favour of a hike," CBA's Carol Kong says in a research report. "There is a small chance the majority vote to increase the [Fed] Funds rate," the economist and currency strategist says. "Hawkish commentary from the Fed is likely after the policy meeting," Kong says, adding this could push the greenback higher. The U.S. dollar is little changed at 163.86 yen and is flat at 1.2922 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 28, 2026 20:17 ET (00:17 GMT)