the US September CPI data will be released later on Friday. Prior to this, Asian currencies against the US dollar were consolidating in early trading. StoneX analyst Matt Simpson said that the currency market currently expects the Fed to cut interest rates by 25 basis points next week and another 25 basis points in December, with probabilities of 99% and 93% respectively. If the CPI data exceeds expectations, it may challenge these expectations and push the US dollar higher across the board.
