Asian currencies were broadly weaker in early trade against the dollar as markets expected the Federal Reserve to raise rates. Deutsche Bank research said latest US inflation data was broadly in line with expectations but remains sufficient to bolster expectations of a Fed hike this week; fed funds futures put the probability of a 25bp move at 88% versus 62% a week earlier. LSEG data showed the dollar up 0.3% on the day versus the won and yen at USD/KRW 1,345.80 and USD/JPY 154.06; AUD/USD fell

Asian currencies were broadly weaker in early trade against the dollar as markets expected the Federal Reserve to raise rates. Deutsche Bank research said latest US inflation data was broadly in line with expectations but remains sufficient to bolster expectations of a Fed hike this week; fed funds futures put the probability of a 25bp move at 88% versus 62% a week earlier. LSEG data showed the dollar up 0.3% on the day versus the won and yen at USD/KRW 1,345.80 and USD/JPY 154.06; AUD/USD fell 0.2% to 0.7151.