Analysts: Failure to reach an agreement in US-Iran talks will provide further upward momentum for the US dollar.

Fiona Lim, senior strategist at Maybank, said the market may be somewhat disappointed by the lack of results in the US-Iran talks, but this was not entirely unexpected. The US dollar may gain further upward momentum at the opening on Monday. Some Asian currencies, especially those of net energy importers such as the South Korean won, Philippine peso, Japanese yen, and Thai baht, began to weaken last Friday and may continue to face pressure this week. (Jinshi)