0045 GMT - Asian currencies consolidate against the dollar in the morning session ahead of the FOMC meeting's minutes due later today. The minutes will be monitored for any remarks about the effects of increased U.S. tariffs on inflation and spending, CBA's Carol Kong says in a research report. CBA continues to expect three 25bps rate cuts by the Fed this year. The FOMC is likely to 'look through' the positive price effect of increases in tariffs and focus on the negative impact on spending, the economist and currency strategist says. USD/KRW is little changed at 1,442.14; USD/SGD is steady at 1.3422; AUD/USD is flat at 0.6353. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 18, 2025 19:45 ET (00:45 GMT)
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