Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
USD/PHP has meandered, last trades +4 pips at PHP49.09. Comments from BSP Gov Diokno provided some interest earlier today. The official said that the above-forecast decline in Philippine Q2 GDP does not endanger the country's fundamentals, e.g. low debt, high tax effort, stable inflation, strong currency and well-capitalized lenders. Diokno pushed back against the potential for a downgrade to the Philippines' credit rating.
- Elsewhere, the Philippines overtook Indonesia in the number of domestic confirmed coronavirus cases, becoming the informal epicentre of Covid-19 in South-East Asia.
- Bulls keep an eye on Jul 23 high of PHP49.47; a breach of that level would draw attention to Jul 16 high of PHP49.59. Bears look for a dip through the YtD low of PHP49.02, printed yesterday. This would turn focus to Jun 5, 2017 low of PHP48.94.