According to Jinshi Data, Asian currencies generally strengthened as traders assessed the outlook for the Federal Reserve's monetary policy and Trump's possible victory in the U.S. presidential election. Lloyd Chan, senior foreign exchange analyst at MUFG, said that Federal Reserve officials were encouraged by the progress of U.S. inflation. However, Trump's proposed tariffs and tax cuts could cause an inflationary shock, limiting the Fed's room for rate cuts and the decline in long-term U.S. Treasury yields, which could keep the dollar strong.