Most Asian FX, stocks fall on rates outlook volatility

MOST Asian currencies and stocks fell on Tuesday, with the South Korean won leading the losses, pressured by a stronger U.S. dollar as investors continued to gauge the path of interest rates in the world's largest economy.

The MSCI emerging markets currency index fell more than 0.3% to trade near a one-month low. An unexpected drop in U.S. producer prices in December reinforced the view that rate cuts by the Federal Reserve could come as soon as March.