Emerging markets: Philippine peso and Thai baht lead Asia Forex gains on inflation data

MANILA, April 5 (Reuters): Thai baht and Philippine peso strengthened on Tuesday, as a spike in inflation numbers in the countries pushed investors towards safe-haven assets amid hopes of monetary policy easing, although the local central banks reiterated their dovish stance.

The baht and the peso rose 0.4% each, with the latter hitting a near six-week high, while most Asian currencies were largely trading flat against the dollar.