Emerging markets - Most Asian FX, stocks muted; await inflation and central bank cues

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JAKARTA (Reuters): Most Asian currencies drifted in a narrow range on Monday with the Thai baht and the Indonesian rupiah leading gains, while their equity peers slipped as investors awaited further clues on the outlook for inflation globally.

Market participants look forward to the US Personal Consumption Index and inflation data from Europe this week, which could prompt their respective central banks to ease their hawkish stances.