DXY edged higher intraday to 101.57; EUR/USD fell 0.50% to 1.1363.

China's 62-day national railway summer transport season began today (1st) and runs through Aug. 31. Railways expect to carry about 1.01 bln passenger trips, averaging 16.29 mln per day.

Emerging-market currencies have given back their year-to-date gains as traders price a higher US rate path and a firmer dollar. The MSCI EM currency index fell 0.2%, leaving it roughly flat YTD and tracking toward its lowest close since April 7. Markets are increasingly pricing a hawkish shift at the Fed; a Fed official is scheduled to speak later today at the ECB Sintra forum alongside European and UK peers. Asian currencies led declines: the won fell to its weakest since 2009 after foreign investors sold a net 1.46 trillion won (~$938m) of Korean equities.