0035 GMT - Most G-10 and Asian currencies weaken against the dollar in early trade, ahead of the FOMC meeting's outcome due later today. The greenback could strengthen if Fed Chair Powell is perceived to be hawkish, CBA's Joseph Capurso says in a research report. This is because Powell may not want to validate market pricing for a 25bp cut in June amid high economic uncertainty, and he might seek to assert the central bank's independence from politics, says the head of International and Sustainable Economics. ICE USD Index rises 0.4% to 99.60 and USD/JPY gains 0.5% to 143.17, according to FactSet. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 06, 2025 20:35 ET (00:35 GMT)
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