According to Odaily Planet Daily, most Asian currencies strengthened against the US dollar in early Asian trading, boosted by US President-elect Trump's nomination of Scott Bessant as Treasury Secretary.
A report from Commonwealth Bank of Australia Global Economics and Markets Research said Bessant favors a weaker dollar and supports the strategy of a "shadow" chairman of the Federal Open Market Committee.
The FOMC minutes, due to be released this week, may reveal discussions on how far to cut the federal funds rate, as well as views on core U.S. inflation.