Emerging markets - Philippines shares rise 1.5% as most Asian currencies inch higher heading into Lunar New Year holidays

SINGAPORE, Jan 31 (Reuters): Most Asian currencies inched higher in thin trading on Monday ahead of a week with key Australian, UK and European central bank meetings, while stocks firmed though surging oil prices added to worries over inflation.

The Indonesian rupiah, Malaysian ringgit and Philippine peso firmed between 0.1% and 0.2% even as the dollar remained strong buoyed by rate hike expectations.