Won hits 5 1/2-year low as dollar's rise dents Asian currencies

Singapore

The South Korean won hit a 5 1/2-year low and other Asian currencies mostly eased against the dollar on Monday, after upbeat US economic data helped revive expectations for the Federal Reserve to raise interest rates later this year.

Analysts said a weekend meeting of G-20 finance ministers and central bankers had limited impact on emerging Asian currencies, which were seen likely to take their near-term cues from Chinese and US economic data coming up this week.