AUDUSD: Asian foreign exchange market increased slightly as the Most Asian currencies rose on Wednesday, seeing relief as the dollar eased in anticipation of more signals from the Federal Reserve on its path to adjusting interest rates.
Regional units are still suffering heavy losses in recent sessions as fading expectations of an early Fed rate cut sent the dollar rallying to a three-month high.
However, the greenback has fallen significantly from recent highs this week, bringing relief to Asian markets.
USD falls after Fed minutes, speakers in sight
The dollar index and dollar index futures both fell about 0.1% each during the Asian session, as investors took some profits in the greenback ahead of a series of signals Fed this week.
Minutes from the Fed's late January meeting are due later on Wednesday, after the bank kept interest rates steady and largely downgraded expectations for an early rate cut.
In addition to the minutes, a host of Fed officials will also speak this week, including Raphael Bostic and Michelle Bowman later on Wednesday.
