Asian currencies fell on Wednesday as the U.S. dollar recovered after declining in the previous session, though concerns persisted over Federal Reserve's independence, while regional equities traded mixed ahead of key Nvidia earnings.
The Philippine peso led declines, weakening 0.41% as investors positioned ahead of Thursday's widely expected 25-basis-point interest rate cut by Bangko Sentral ng Pilipinas, with the benchmark stock index surging 2.08% to its best session since late-April on rate cut expectations.
