Asian currencies traded mixed on Thursday as the dollar steadied after the Fed held rates, with investors awaiting U.S. inflation data and policy decisions in Europe and Japan. The Fed kept its policy rate at 3.75%-4.00% in a 10-2 vote, and Chair Kevin Warsh expressed confidence inflation could return to the 2% target without significantly slowing growth, though he offered little clarity on a possible December hike. Markets still priced a 78% probability of a December increase, according to the CME FedWatch tool. The yen edged higher ahead of the Bank of Japan's decision, expected to keep its rate at 1.25%, while the New Zealand dollar fell as much as 1.7% to around $0.5585 after the RBNZ unexpectedly held its cash rate at 2.75%, before steadying at $0.5622.
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FedUS dollarinterest ratesexchange ratesKevin Warsh
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Related tickers and likely impact
DXY
• NeutralRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 102.14 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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