Emerging markets - Most Asian currencies fall on Fed's hawkish rhetoric; Indian rupee, Indonesian rupiah leads decline

JAKARTA (Reuters): Most Asian currencies struggled for direction on Monday, with the Indonesian rupiah leading losses, after hawkish comments from the US Federal Reserve last week set the stage for further rate hikes and bolstered strength in the US dollar.

The Singapore dollar and the Indonesian rupiah , the best-performing currency in the region, depreciated 0.1% each. The Philippine peso and the South Korean won firmed 0.1% and 0.2%, respectively.