Asia FX Stays Subdued as Dollar Weakens on US Probe Into Fed Chair Powell

Asia FX markets remained calm and largely range-bound as the US dollar weakened following reports of a US probe linked to Federal Reserve Chair Jerome Powell. Despite the softer dollar, Asian currencies failed to stage a strong rally, showing that investors are cautious rather than confident. The mood across Asian financial markets reflects uncertainty, patience, and a strong wait-and-watch approach.