SINGAPORE: Most emerging Asian currencies eased on Monday led by the Indonesian rupiah, after US Federal Reserve chief Janet Yellen was seen as more hawkish than her European counterpart at a central bankers' meeting last week which boosted the dollar.
The Chinese yuan, however, rebounded as technical buying helped offset a weaker central bank guidance after the currency last week suffered the largest weekly loss in two months.
The rupiah slid on month-end corporate dollar demand amid concerns over Indonesia's current and budget deficits.
South Korea's won fell on selling from offshore funds, even though it pared some losses on exporters' demand for month-end settlements.
The Singapore dollar dipped with data showing the city-state's headline inflation in July unexpectedly eased to a four-month low.
The US dollar rose to a near one-year high against a basket of six-major currencies. Yellen on Friday acknowledged the concerns of some Fed officials about the sustained level of monetary policy stimulus, even as she stressed the need to move cautiously on raising rates.
By contrast, European Central Bank President Mario Draghi stressed that the central bank was prepared to respond with all its "available" tools should inflation drop further.
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