Asia FX: Stronger Dollar and Oil weigh on CNY and peers

4:19 PM ETDeveloping

Business Desk

In Short: A stronger US Dollar and rising oil prices are impacting Asian currencies, according to BNY's Geoff Yu.

BNY's Geoff Yu highlights that a stronger US Dollar and higher oil prices are pressuring Asian currencies and assets, according to FXStreet.

These factors are expected to continue influencing the region's financial markets as the week progresses.

What's confirmed

Next on tap in Oz will be the Westpac’s Consumer Confidence index, housing data, and speeches by the RBA’s Hunter and Hauser USD/JPY weakens further and remains close to the 154.00 neighbourhood, or seven-month lows, ahead of the opening bell in Asia.