Most emerging Asian currencies and stocks fell on Monday as investors increased bets that the US Federal Reserve could raise interest rates as early as September, while a surge in oil prices amid escalating U.S.-Iran tensions weighed on energy-importing economies, Reuters reported.
The MSCI emerging market currency index was largely unchanged in Singapore afternoon trading after hawkish comments from Fed Chair Kevin Warsh pushed the dollar to a near two-week high. The index remained on course for a 1.8% gain in August, marking its second consecutive monthly advance.
