Strategists are looking beyond inflation for other potential market metrics that may cause the US Federal Reserve to slow its aggressive cycle of interest-rate hikes.
Thailand started off this week with the baht weakening to a five-year low of 34.62 against the greenback. While in line with other Asean currencies that have softened against the US dollar, the performance is worth monitoring because it serves as an indicator in the country's recovery.
The Philippine peso rose to a five-week high on Monday, buoyed by improved manufacturing data and the central bank's recent hawkish tone on gradually normalising liquidity pressures, while the Malaysian ringgit led losses among emerging Asia currencies
Global stocks fell again on Monday while U.S. equity futures rose, as investors mulled the economic implications of a new, highly infectious Covid-19 variant