Asian Currencies Stuck in Range Amid Fed Outlook and U.S.-Iran Tensions

Asian currencies traded without direction on [date] as investors weighed the Federal Reserve's monetary policy outlook against escalating U.S.-Iran tensions.

The U.S. dollar remained firm after the Fed hinted at potential rate cuts, but persistent inflation data and resilient economic indicators led traders to scale back expectations of aggressive easing.

This has kept the dollar index elevated, pressuring emerging Asian currencies that typically struggle when U.S. yields rise.