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28 Oct 2025

Asian currencies rise, dollar declines with focus on US-China trade and the Federal Reserve meeting

Most Asian currencies rose slightly on Tuesday amid optimism about improving US-China trade relations, while the dollar weakened as markets anticipated a widely expected interest rate cut by the Federal Reserve this week.

The Japanese yen led gains in the region, recovering from sharp losses in recent sessions. Attention also focused on a meeting between Japanese Prime Minister Sanae Takaichi and US President Donald Trump on Tuesday and the Bank of Japan meeting later in the week.

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