CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bad News On Covid Front

PHP

Spot USD/PHP trades flat at PHP48.545 as we type, with little in the way of fresh impetus coming from the recent headline flow.

  • The Philippines has seen a fresh wave of Covid-19 infections, which prompted officials to reinstate some targeted restrictions.
  • Econ Planning Sec Chua said that the renewed outbreak is unlikely to have a large impact on the economy, as officials will rely on localised lockdowns, while the speed of vaccinations will pick up.
  • Per yesterday's data, overseas remittances shrank less than expected in Jan, falling 1.7% Y/Y to $2.603bn.
  • Bulls look for a breach of Mar 2 & 9 highs of PHP48.725 before targeting the 200-DMA/Feb 23 high at PHP48.753/48.755. Bears need a fall through Mar 12 low of PHP48.370 before taking aim at the 100-DMA/50-DMA at PHP48.250/48.249.
  • Philippine budget balance is due later today, while BoP data will hit the wires on Friday.
BulletEM BulletEmerging Market News
BulletEM BulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.