What effect does potential Fed monetary tightening have on Asian currencies?

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Potential Fed tightening is weakening Asian currencies against the US dollar.

Asian currencies are generally weaker when investors focus on the possibility of further monetary tightening by the US Federal Reserve. That expectation has supported the US dollar, and the ringgit also ended lower at 4.0920/0965 against the greenback from 4.0825/0870 the day before.
Investors are watching for more Fed tightening
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said Asian currencies were broadly weaker because markets remained focused on the chance of further Fed tightening. The move in the ringgit came as US rate-hike expectations continued to weigh on regional market sentiment.
The stronger dollar is pressuring regional currencies
The expectation of a Fed rate hike has continued to support the strength of the US dollar. That has left Asian currencies under pressure versus the greenback, even as crude oil prices were lower.
The ringgit also weakened against major currencies
At the close, the ringgit fell against the British pound to 5.4203/4262 from 5.4036/4096 and slipped against the euro to 4.6600/6651 from 4.6528/6580. It rose against the Japanese yen to 2.5144/5174 from 2.5154/5183, showing that its movement was mixed against other major currencies.
Regional trading was mixed, but the dollar remained firm
Against regional currencies, the ringgit rose versus the Thai baht to 12.2526/2708 and was marginally higher against the Philippine peso at 6.64/6.65. It was slightly lower against the Singapore dollar at 3.1555/1589 and was flat against the Indonesian rupiah at 227.9/228.3.

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What effect does potential Fed monetary tightening have on Asian currencies?

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