Asian shares slipped on
Monday while the dollar marked fresh highs after Federal Reserve Chair Janet
Yellen suggested that an interest rate hike could be around the corner.
The
Fed should raise interest rates "in the coming months" if economic
growth picks up and the labor market continues to improve, Yellen said on
Friday.
The dollar index logged a fresh two-month high of 95.940, and was last up 0.4
percent at 95.897 (DXY).
The
dollar rose 0.5 percent to 110.96 yen after
earlier notching a fresh one-month higher of 111.03 yen.
The
dollar also got a lift from revised U.S. gross domestic product data for the
first quarter released on Friday, that showed that growth did not slow as much
as first estimated.
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