Asian Currencies Consolidate; Signs of Progress on Trade Talks May Buoy -- Market Talk

Dow Jones

04/30

0047 GMT - Asian currencies consolidate in the morning session, but may be buoyed by progress on trade talks between the U.S. and other countries. Commerce Secretary Lutnick on Tuesday said in a CNBC interview that he has reached a trade deal with an unnamed country. Treasury Secretary Bessent said the U.S. is making progress on trade agreements with India, South Korea and Japan. Also supportive was confirmation of earlier reporting that there'll be some exemptions to auto tariffs by the Trump administration, says Taylor Nugent, a senior economist at NAB, in an email. USD/KRW edges 0.2% lower to 1,428.70; USD/SGD is flat at 1.3080; AUD/USD is little changed at 0.6385. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 29, 2025 20:47 ET (00:47 GMT)

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Commerce Secretary Lutnick on Tuesday said in a CNBC interview that he has reached a trade deal with an unnamed country. Treasury Secretary Bessent said the U.S. is making progress on trade agreements with India, South Korea and Japan. Also supportive was confirmation of earlier reporting that there'll be some exemptions to auto tariffs by the Trump administration, says Taylor Nugent, a senior economist at NAB, in an email. USD/KRW edges 0.2% lower to 1,428.70; USD/SGD is flat at 1.3080; AUD/USD is little changed at 0.6385. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4097":"系统软件","PRGS":"Progress Software Corporation","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC"},"translate_title":"亚洲货币盘整；贸易谈判取得进展的迹象可能会提振市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRGS":1},"content_text":"0047 GMT - Asian currencies consolidate in the morning session, but may be buoyed by progress on trade talks between the U.S. and other countries. Commerce Secretary Lutnick on Tuesday said in a CNBC interview that he has reached a trade deal with an unnamed country. Treasury Secretary Bessent said the U.S. is making progress on trade agreements with India, South Korea and Japan. Also supportive was confirmation of earlier reporting that there'll be some exemptions to auto tariffs by the Trump administration, says Taylor Nugent, a senior economist at NAB, in an email. 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