Asian currencies weaken, yields rise as rate-cut prospects diminish

Malaysia's ringgit and South Korean won led losses among Asian currencies on Monday while regional bond yields rose, as investors adjusted their expectations for the Federal Reserve's policy easing after strong U.S. jobs data last week.

The ringgit fell as much as 1% to a three-month low. The won and the Philippine peso retreated 0.6% and 0.7%, respectively.