Asian currencies consolidated against the dollar ahead of U.S. consumer price index (CPI) data due later today.
Traders across the region have moved cautiously as they await the inflation reading, which is closely watched for clues about the Federal Reserve's next steps on interest rates. Currency moves have been modest as investors hold positions rather than take on new risk.
A stronger-than-expected CPI print could bolster the dollar and add pressure on regional currencies, while a softer reading could give them room to recover. Analysts note that the outcome will likely shape expectations for monetary policy in both the United States and Asia.
The Wall Street Journal's markets desk will continue to track currency movements as the data is released and reactions unfold.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing