According to Jin10, Asian currencies were steady against the U.S. dollar in early trading and may be supported by cooling expectations for Federal Reserve rate hikes, which often weaken the appeal of U.S. fixed-income assets. Analysts at Australia and New Zealand Banking Group said in a research note that markets believe the weaker U.S. labor market report for September gives the Federal Open Market Committee more time to assess conditions before making further policy adjustments, and they added that senior Fed officials have signaled there is no need to rush, while markets have sharply lowered expectations for an October rate hike.