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Asian currencies subdued as New York Fed president's comments lift dollar

Reuters 

By Shashwat Pradhan(Reuters) - Most Asian currencies slipped on Tuesday, as the dollar saw support after an influential Federal Reserve official said U.S. inflation was likely to rise alongside wages, supporting expectations for the Fed to keep raising interest rates.The comments by New York Fed President William Dudley, a close ally of Fed Chair Janet Yellen, were among the first after the U.S. central bank raised rates last week in the face of a series of soft inflation readings."This is actually a pretty good place to be" with unemployment at 4.3 percent and inflation at about 1.5 percent, ...

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First Published: Tue, June 20 2017. 10:58 IST
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