Asia FX ticks down after jumping on Powell's dovish tilt

Asia FX ticks down after jumping on Powell's dovish tilt

Source: EODHD - https://www.investing.com/news/forex-news/asia-fx-ticks-down-after-jumping-on-powells-dovish-tilt-4208018
Published: Aug 24, 2025 11:23 PM

Investing.com-- Most Asian currencies edged lower on Monday after sharp gains in the previous session, spurred by Federal Reserve Chair Jerome Powell signaling an interest rate cut next month. The US Dollar Index ticked up 0.2% in Asian trading hours, after tumbling nearly 1% to a four-week low on Friday over Powell’s dovish tilt. Asian currencies jumped after Powell’s rate cut signal Asian currencies jumped on Friday following Powell’s dovish remarks at the Jackson Hole symposium, where he acknowledged growing risks to the job market and suggested that the "shifting balance of risks may warrant adjusting our policy stance." This opened the door to a potential rate cut at the Fed’s September...

Market context: This update is relevant to AUD traders, with AUDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.