0112 GMT - Asian currencies are likely to face further pressure if the Fed signals additional tightening after a widely expected rate hike at its September meeting, OCBC FX Strategist Christopher Wong says in a note. The latest dollar upswing has been broad-based across major and Asian currencies, with higher Treasury yields, softer risk sentiment and elevated oil prices weighing on higher-beta currencies, lower-yielders and oil-importing currencies. The Indian rupee remains vulnerable to the energy shock, while the South Korean won and the Taiwan dollar are sensitive to equity flows and risk sentiment.
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