Asia FX muted amid debt ceiling woes, dollar dips after Powell comments

Published May 22, 2023 01:03AM ET © Reuters. USD/JPY -0.13% Add to/Remove from Watchlist AUD/USD +0.05% Add to/Remove from Watchlist USD/CNY +0.25% Add to/Remove from Watchlist DX -0.10% Add to/Remove from Watchlist DXY -0.12% Add to/Remove from Watchlist USD/THB +0.13% Add to/Remove from Watchlist USD/KRW -0.63% Add to/Remove from Watchlist Investing.com — Most Asian currencies struggled for direction on Monday as markets awaited more cues on raising the U.S. debt ceiling, while the dollar retreated as Federal Reserve Chair Jerome Powell presented a less hawkish outlook than expected. Regional currencies saw some relief after Powell said on Friday that tightening…