Investing.com-- Most Asian currencies steadied on Friday after clocking sharp gains in the prior session, while the dollar nursed some losses after the Federal Reserve cut interest rates as widely expected.Regional currencies recouped a bulk of their weekly losses after the Fed’s move, with some even turning positive for the week. The dollar, on the other hand, tumbled from four-month highs, with some traders also locking in recent gains. Focus was also on more cues on fiscal stimulus from China, as a meeting of the country’s Nation People’s Congress entered its final day.Dollar nurses tumble from 4-mth high after Fed rate cut The dollar index and dollar index futures both steadied in Asian trade, steadying from a sharp drop on Thursday after the Fed cut interest rates by 25 basis points to a range of 4.50% to 4.75%. The greenback had shot up to a four-month high earlier in the week after Donald Trump won the 2024 presidential election, with Trump’s policies potentially heralding stickier inflation in the long term.The Fed said a change in U.S. leadership was unlikely to affect monetary policy in the near-term. Chair Jerome Powell signaled that the economy was in a good place, and that the bank was likely to ease policy further in the coming months.Traders were seen pricing in a 76.5% chance the Fed will cut rates by 25 bps in December, and a 23.5% chance rates will remain unchanged, CME Fedwatch showed.Chinese yuan fragile with NPC in focus