Asian currencies consolidated against the dollar, but may be weighed by Fed rate-hike prospects. Market participants are closely watching the Federal Reserve's policy trajectory, which continues to influence regional forex markets. The consolidation reflects a period of relative stability, though upside pressure from potential rate increases remains a concern.

Analysts note that sustained Fed hawkishness could drive further dollar strength, challenging Asian monetary authorities. The interplay between U.S. monetary policy and regional economic fundamentals will likely shape currency movements in the near term.