Central bank speakers could continue to impact on markets this week after comments from various officials at the European Central Bank, Bank of Canada and Bank of England resulted in currency moves last week, said National Australia Bank Head of FX Strategy Ray Attrill in a Monday morning note.
The Reserve Bank of Australia is expected to announce its decision on interest rates on Tuesday. Several ECB officials and the president of the Deutsche Bundesbank were due to speak over the course of this week.
"We very much doubt the euro will be ending this week where it started," Attrill said.
The euro, which hit a fourteen-week high against the dollar last week, fetched $1.1405 at 3:13 p.m. HK/SIN.
In corporate news, private equity firms TPG Capital and Hellman & Friedman have reportedly dropped their bids to take over Australia's Fairfax Media, Reuters said. Shares of Fairfax closed 10.91 percent down.
Gaming stocks traded in Hong Kong were in negative territory despite news that gaming revenues had risen for an eleventh consecutive month, but still disappointed expectations.
Gaming revenues rose 25.9 percent in June, compared with the 23 percent to 33 percent range forecast by analysts, Reuters said.
Wynn Macau was down 2.74 percent, Sands China fell 1.54 percent and Melco International Development sank 3.59 percent.
Even though June proved to be gross gaming revenues' (GGR) fastest growing month since the sector went through a recovery starting in the third quarter of last year, GGR missed bullish expectations from markets, Deutsche Bank research analyst Karen Tang said in a note, adding that June-July will likely be the peak in on-year growth.
Nomura research analysts Daniel Adam, Harry C. Curtis and Brian H. Dobson said they maintained their recommendation that investors should be "selectively bullish" on the sector as shares and sector valuations have risen.