Asia FX Mixed as Fed Hike Bets Fade, Oil and Yields Rise

VG Markets · 2026-08-18T05:34:44Z

Asian currencies traded mixed as markets cut the odds of a September Fed hike to about 35%, keeping the dollar near multi-month lows. But Brent above $91 and U.S. 10-year yields near 4.72% limited gains as renewed U.S.-Iran tensions raised inflation risks. Traders now await Fed minutes and Hormuz developments for the next USD/Asia FX move.

Risk Warning: Trading CFDs and other leveraged products carries a high level of risk and may result in the loss of all your invested capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved and do not invest funds you cannot afford to lose. Read the full Risk Warning Notice and seek independent professional advice where appropriate. Information on this website is general in nature and does not constitute financial advice.

Restricted Regions: VG Markets does not accept clients who are residents of jurisdictions where such distribution or use would be contrary to applicable laws or regulations, including, but not limited to: North Korea, Iran, Israel, Libya, Russia, Ukraine, Canada and the United States of America.

Corporate Information: VGMarkets.com is a domain owned by VantaGrowth Limited and is operated by one or more entities within the VG Markets group, depending on the jurisdiction of the client and the services provided.

VG Markets (Pty) Ltd (Registration Number: 2024/244398/07) is a South African company and is authorised and regulated by the Financial Sector Conduct Authority (FSCA) (FSP No. 54461). Registered office: Norwich Place West, 2nd Floor, Cnr 5th and Norwich, Sandown, Sandton, Gauteng, South Africa. VG Markets (Pty) Ltd acts as an intermediary in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), and is not the market maker or product issuer. It acts solely as an intermediary between clients and its respective liquidity providers (the product suppliers) and does not act as principal or counterparty to client transactions.

VG Markets Pty Ltd (ABN 24 664 991 799) is an Australian company and is the holder of Australian Financial Services Licence (AFSL) No. 556530 issued by the Australian Securities and Investments Commission (ASIC).

VG Markets Limited is a company incorporated under the International Business Companies Act 004 of 2005 of the Autonomous Island of Anjouan, Union of Comoros, with Company Number 16087 and its registered office at PO Box 1212, Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros. VG Markets Limited is the holder of International Brokerage and Clearing House Licence No. L16087/VGM issued by the Anjouan Offshore Finance Authority under Government Notice No. 005 of 2005.