Emerging Markets - Philippines stock highest in one year but Asian currencies tepid after soft US inflation

MANILA (Reuters): Asian currencies kept tight ranges while stocks were mixed on Friday, after data showed US inflation at a three-year low, keeping alive expectations of rate cut by Federal Reserve in June. Regional currencies have remained muted this week.

The Philippine peso gained 0.3% on Friday, but was on track for a 0.2% weekly fall, while the Thai baht was set to gain 0.5% for the week.