USD/JPY pair edged 0.2% lower, the yuan’s offshore pair USD/CNH was largely unchanged, while the Australian dollar’s AUD/USD pair rose 0.2%

Asian currencies traded marginally higher on Thursday as traders saw limited impact from President Donald Trump’s attempted firing of Federal Reserve Governor Lisa Cook.

The US Dollar Index dropped 0.2% in Asia hours after trimming most of the gains in the previous session.

US Dollar Index Futures traded 0.1% lower as of 04:02 GMT.

It’s becoming increasingly clear that Trump’s dismissal of Lisa Cook is not going to have a big short-term FX impact, ING analysts said in a note.

The implications may only play out in the longer run, as the current focus remains more on data, they added.

Despite growing worries, forex moves have been subdued as investors remain optimistic about the potential for Fed easing next month.

Yen’s USD/JPY pair edged 0.2% lower on Thursday.

Won’s USD/KRW fell 0.4% after the country’s central bank held policy interest rates steady at 2.50% for a second straight meeting.

The yuan’s onshore pair USD/CNY ticked down 0.1%, while the offshore pair USD/CNH was largely unchanged.

The Singapore dollar’s USD/SGD also traded marginally lower.

The Australian dollar’s AUD/USD pair rose 0.2%, extending gains after Wednesday’s release of stronger-than-expected inflation data complicated the case for further Reserve Bank of Australia easing.

An additional 25% U.S. tariff on Indian imports took effect Wednesday, doubling the total duty to 50% from August 27, as the U.S. responded to India’s continued purchases of Russian crude.

The Indian rupee’s USD/INR pair was largely muted on Thursday after rising in the four last sessions, nearing record high levels of 87.99 rupees.

The rupee has been under some pressure since May, when Trump’s tariff steps impacted markets. India’s currency has fallen for eight weeks in the previous nine.