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2026-02-16 09:09:22
Asian currencies traded mixed against the dollar in early trading, but were likely supported by the prospect of a Federal Reserve rate cut, which typically boosts risk appetite. Analysts at Commerzbank Research said in a research note that the main tone appeared to be consolidation. However, the analysts noted that U.S. inflation data for January was “moderate and in line with expectations.” They added that federal funds futures had already priced in a total of 63 basis points in rate cuts by the Fed by the end of the year, up from 56 basis points the previous week. The dollar rose 0.3% against the yen to 153.15 yen, edged up 0.3% against the won to 1,444.21 won, and the Australian dollar rose 0.1% against the dollar to 0.7074.
