The Federal Reserve’s decision to cut interest rates by just a quarter point will help support the dollar and weigh on currencies across Asia, analysts say.
The dollar strength after the central bank’s announcement was broad based and Asian currencies are unlikely to escape the impact, according to Wells Fargo Securities LLC. The dollar could extend gains to 147 yen although long-term pessimism about the US currency may limit its upside, Sumitomo Mitsui Trust Bank Ltd. says.