The US dollar looks set to gain further against some of its peers on relative outperformance of the US economy and monetary policy edge. In his semi-annual testimony to lawmakers, US Federal Reserve Chair Jerome Powell stepped up hawkishness, saying the ultimate rate peak is likely to be higher than expected and the central bank is prepared to increase the pace of rate hikes if needed. But how are regional currencies affected? On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova to find out how the US dollar is faring and how the strong dollar is affecting the regional currencies.