Emerging markets: Philippine peso hits highest level since March 1 as Thailand stocks edge higher on Monday (April 4)

MANILA, April 4 (Reuters): The Philippine peso rose to a five-week high on Monday, buoyed by improved manufacturing data and the central bank's recent hawkish tone on gradually normalising liquidity pressures, while the Malaysian ringgit led losses among emerging Asia currencies.

The peso advanced 0.3%, hitting its highest since March 1, while the Malaysian ringgit eased 0.3% despite a rise in oil prices, as investors kept a watchful eye on the International Energy Agency's plan to follow the United States in releasing oil reserves.