Asian FX, stocks rise as strong U.S. GDP data aids risk sentiment

THE Philippine peso and Malaysia's ringgit led gains among Asian currencies on Friday as data overnight showed resilience in the U.S. economy, boosting investor risk appetite, while equities hit a nine-month high.

Both the peso and the ringgit have rallied in the first three weeks of January, with the latter rising nearly 4% year-to-date, just behind the top-performing Thai baht.