0208 GMT — The Thai baht and the Indonesian rupiah seem particularly exposed to the rise in Fed rate-hike prospects, MUFG Bank's Lloyd Chan says in a research report. "Thailand continues to offer limited yield support [to baht], while elevated Brent prices are weighing on the external balance," the senior currency analyst says. "For Indonesia, higher U.S. yields arrive as investors are increasingly monitoring domestic developments," Chan says. Recent protests in Indonesia have highlighted concerns about living costs and jobs, while approval ratings for the government have fallen, Chan notes. The dollar is 0.1% higher at 33.15 baht and 0.4% higher at 17,750 rupiah, LSEG data show. ([email protected])

0021 GMT — Asian currencies consolidate against the dollar in early trade, but may weaken on growing prospects of Fed rate hikes that typically increase the appeal of U.S. fixed-income assets. Although Fed Chairman Warsh's speech on Friday isn't a "pre-commitment to a Sep hike, it reinforced the Fed's inflation-fighting credibility and kept further tightening in play if inflation fails to ease meaningfully," two strategists at OCBC Group Research say in a research report. "A firmer USD can be a headwind for Asian FX," they add. The dollar is little changed at 159.98 yen and is steady at 1,377.10 won, while the Australian dollar is flat at US$0.7160, LSEG data show. ([email protected])