Investing.com-- Most Asian currencies weakened on Tuesday, while the dollar firmed slightly as traders awaited more cues on U.S. interest rates from the Federal Reserve.
The pair had reversed a bulk of its declines made on currency market intervention by the Japanese government to support the yen, and was now less than 4 yen away from levels that had last attracted intervention earlier in May. The greenback was underpinned by more comments from Fed officials that the central bank still needed more convincing that inflation was falling, and that interest rates were likely to remain unchanged in the interim.of the Fed’s late-April meeting- due on Wednesday- squarely in focus, for more insight into the bank’s stance on rates.
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