Asian currency traders are closely monitoring recent market developments and upcoming events that could impact their trading strategies.

The Federal Reserve is expected to make an announcement regarding its policy decision later this week, and there are concerns that a cautious approach to interest-rate cuts could put further pressure on Asian currencies.

Additionally, attention is focused on China's legislative meeting, which is set to conclude on Friday. If the announcements from these events are not up to expectations, it could disappoint investors. As a result, trading desks across the region are preparing for potential losses, highlighting the vulnerability of Asian currencies in the face of global economic uncertainties.