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The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 99.25 during the early Asian session on Tuesday. The DXY holds steady as US President Donald Trump’s watered-down rhetoric against tariffs on China.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 99.25 during the early Asian session on Tuesday. The DXY holds steady as US President Donald Trump’s watered-down rhetoric against tariffs on China.

0845 US Eastern time/1245 GMT: Federal Reserve Vice Chair for Supervision Michelle Bowman will speak at the 2025 Institute of International Finance (IIF) Annual Membership Meeting, Washington, D.C.

1220 US Eastern time/ 1620 GMT: Federal Reserve Board Chair Jerome H. Powell gives a speech entitled “ Economic Outlook and Monetary Policy” at the National Association for Business Economics (NABE) Annual Meeting, Philadelphia, Pennsylvania.

1525 US Eastern time/ 1925 GMT: Federal Reserve Board Governor Christopher J. Waller gives a speech on payments

1530 US Eastern time/1930 GMT: Boston Federal Reserve Bank President Susan Collins speaks and participates in a moderated question-and-answer session before the Greater Boston Chamber of Commerce.

This article was written by Eamonn Sheridan at investinglive.com.

JPMorgan Asset Management is aiming to double its Asia-Pacific assets under management to $600 billion by 2030, with a long-term goal of reaching $1 trillion, according to Asia-Pacific CEO Dan Watkins.

Speaking at a conference in Seoul, Watkins said the firm plans to replicate the strong growth achieved over the past five years, when regional assets rose to $302 billion by end-2024, more than twice 2019 levels. The expansion, he said, has been driven by active exchange-traded funds (ETFs) and entry into new regional markets, both of which will remain central to the company’s next phase of growth.

Watkins added that the region’s rising wealth base and increasing demand for diversified investment products will continue to make Asia a key growth engine for JPMorgan’s global asset management business.

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JPMorgan’s growth target highlights the Asia-Pacific region’s growing importance in global wealth management. The expansion of active ETFs and regional market access could lift competition among global asset managers seeking scale in Asia’s high-saving economies.

This article was written by Eamonn Sheridan at investinglive.com.

New Philadelphia Fed President Anna Paulson used her debut speech to call for a balanced approach to monetary policy as the economy navigates rising labor market risks and uncertain inflation dynamics. She said policy should move toward a “more neutral stance,” stressing that the Fed must weigh both sides of its mandate. While she noted […]

The post New Philly Fed chief Paulson backs gradual easing toward neutral policy appeared first on Action Forex.

The Australian Dollar (AUD) holds ground against the US Dollar (USD) on Tuesday.

The Reserve Bank of Australia (RBA) said the Australian dollar had appreciated slightly since its previous meeting, supported by widening yield differentials with other advanced economies.

In its latest minutes, the central bank noted that the real trade-weighted index of the Australian dollar was now close to its estimated equilibrium level, based on its long-run relationship with the terms of trade and real yield differentials.

Policymakers said this suggests the modest rise in the currency is not exerting additional tightening pressure on financial conditions beyond that already created by existing interest rates.

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The RBA’s comments suggest policymakers are comfortable with the current level of the Australian dollar, viewing its rise as justified by yield spreads rather than excessive strength. The tone implies limited concern over currency-driven tightening ahead of future policy meetings.

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Earlier:

• RBA minutes – Signals patience on rate cuts, says policy still slightly restrictive

This article was written by Eamonn Sheridan at investinglive.com.

China’s Commerce Ministry on Tuesday urged the United States (US) side to correct its ‘wrong practices’ as soon as possible.