Asian Currencies Consolidate; U.S. Tariff Policy Uncertainty May Support
0038 GMT — Asian currencies consolidate against the dollar, but uncertainty over U.S. tariff policy may support. 'One big factor weighing on greenback is the lack of clarity about what the tariffs are ultimately meant to accomplish,' says Matthew Weller, global head of Research at FOREX.com and City Index, in an email. 'Faced with this immense uncertainty on a month-to-month, week-to-week, or even day-to-day basis, forex traders are opting out of owning U.S. dollar at the margin, preferring instead to park their funds in currencies where they have more certainty about future policies,' Weller adds. USD/KRW edges 0.1% higher to 1,439.48; AUD/USD is little changed at 0.6424. (ronnie.harui@wsj.com)
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