Asian currencies consolidate as Fed rate-hike prospects weigh
Asian currencies consolidated against the dollar. CBA says the U.S. Dollar Index could test resistance at 99.40 late in the week if pricing for a September Fed rate hike increases.
Asian currencies are consolidating against the dollar, but may be weighed by Federal Reserve rate-hike prospects, CBA's Global Economic & Markets Research team says. S. 40 late in the week if market pricing for a September rate hike from the Fed increases as expected, the team says.