Asian currencies edge up as US debt ceiling talks progress

ASIAN currencies rose on Friday as risk appetite improved after U.S. President Joe Biden appeared close to reaching a deal to raise the government's debt ceiling, while the ringgit went flat after its monthly inflation reading.

The Malaysian ringgit, which was the top laggard in the early part of the day, was unmoved after government data showed the country's April consumer price index (CPI) rose 3.3% from a year earlier, in-line with forecasts.