Most Asian Currencies Strengthen Amid USD Headwinds -- Market Talk

Dow Jones
21 Apr

0044 GMT - Most Asian currencies strengthen in the early morning session amid USD headwinds. "The gap between actual exchange rates and what short-term interest rate differentials point to has widened a bit further, suggesting that perceptions around the dollar's safe-haven status are not improving," Capital Economics' Jonas Goltermann says in a recent research report. Also, President Trump's criticism of Fed Chair Powell last week is a "reminder that trade policy is not the only channel through which the administration's unconventional approach could undermine the dollar," the deputy chief markets economist adds. USD/JPY falls 0.4% to 141.26 and AUD/USD is up 0.3% at 0.6397, according to FactSet. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 20, 2025 20:44 ET (00:44 GMT)

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