0055 GMT - Asian currencies are mixed in early trade, after the Federal Reserve raised rates for the first time since 2023. Fed Chair Kevin Warsh made it very clear that price stability is currently the central bank's primary focus. Warsh's focus and the Fed's unanimous decision to hike rates send a strong signal that it is serious about fighting inflation, says Commerzbank's Bernd Weidensteiner in a note. If Warsh disappointed market expectations and failed to raise rates, there would have been a risk of a severe negative reaction in the bond market, says the senior economist. The U.S. dollar is 0.2% lower at 155.99 yen and gains 0.1% to 1378.10 won, while the Australian dollar is 0.1% higher at US$0.7090, LSEG data show.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.