Asia FX ticks down amid Fed independence worries; Aussie firm after hot CPI

Asia FX ticks down amid Fed independence worries; Aussie firm after hot CPI

Source: EODHD - https://www.investing.com/news/forex-news/asia-fx-ticks-down-amid-fed-independence-worries-aussie-firm-after-hot-cpi-4211851
Published: Aug 27, 2025 12:38 AM

Investing.com-- Asian currencies edged lower on Wednesday, with investors exercising caution following U.S. President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook, while the Australian dollar was largely unchanged after stronger-than-expected inflation data. The US Dollar Index, which measures the greenback against a basket of major currencies, rose 0.2% in Asia hours after edging slightly lower on Tuesday. US Dollar Index Futures also traded 0.2% higher as of 04:11 GMT. Traders fret over Fed independence President Trump on Tuesday announced the dismissal of Fed Governor Cook, citing alleged mortgage irregularities. The move has raised concerns about the Federal Reserv...

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.