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Peso Edges Lower In Line With Regional Trend

PHP

Spot USD/PHP has edged higher and last deals +0.053 at PHP52.383 amid thin domestic headline flow. Firm resistance from PHP52.500 remains a key line in the side on the topside. Bears look for a dip through Apr 13 low/50-DMA at PHP51.875/51.871.

  • USD/PHP 1-month NDF unch. at PHP52.530. Bulls look to a move through Mar 22 high of PHP52.790, bears keep an eye on Apr 13 low of PHP52.020.
  • Philippine budget balance & bank lending data will take focus today.

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