Emerging markets: Thai central bank says inflation will be higher than expected as Asia FX rise on respite from recession woes

BANGKOK, June 27 (Reuters) : Most Asian currencies and stock markets moved higher as expectations of less hawkish moves from the US Federal Reserve slightly eased fears of a global economic recession.

Downward pressure on the Philippine peso persisted, however. South Korea's won outperformed regional peers, gaining 1.2%, while the country's main stock index advanced 1.8%.