Most Asian Currencies Consolidate, May Strengthen on Lower Treasury Yields

Asian currencies mostly consolidate against the dollar during the morning session, with potential for strengthening due to lower Treasury yields that diminish the attractiveness of U.S. fixed-income assets and reduce demand for the greenback. Despite Hurricane Milton's impact in the U.S., which may not be as severe as initially feared, its effects could still influence market sentiment. Additionally, the approaching U.S. presidential election and the recent poll swings favoring Trump might bolster the dollar. Current currency levels include USD/KRW at 1,350.45, USD/SGD at 1.3062, and AUD/USD steady at 0.6737.