US dollar losing some ground in Asia morning trade

<p>Asian traders are digesting the Federal Open Market Committee (FOMC) rate hike and Powell's press conference:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-26-jul-fed-raises-rates-by-25-bps-to-55-22-year-high-20230726/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 26 Jul: Fed raises rates by 25 bps to 5.5%. 22-year high.</a></li></ul><p>The US dollar lost ground in the aftermath, and is heading back towards those lows.</p><p>NZD is an outperformer:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.