Emerging Asian currencies lost ground on Monday with the Malaysian ringgit around a 9-1/2-year low as Greece was seen on course to a default on its debt repayment this week, causing investors to seek safer assets.
China's central bank on Saturday cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserve, but investors focused on Greece's debt saga.
The ringgit fell 0.3 percent to 3.7795 per dollar, its weakest since December 2005. South Korea's won earlier lost nearly 1 percent to 1,127.9 per dollar, its lowest since March 18.
The Indonesian rupiah slid 0.5 percent to 13,365 per dollar. That compared to a 17-year low of 13,384 hit on June 9.
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China's central bank on Saturday cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserve, but investors focused on Greece's debt saga.
The ringgit fell 0.3 percent to 3.7795 per dollar, its weakest since December 2005. South Korea's won earlier lost nearly 1 percent to 1,127.9 per dollar, its lowest since March 18.
The Indonesian rupiah slid 0.5 percent to 13,365 per dollar. That compared to a 17-year low of 13,384 hit on June 9.
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