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Citi note that "client interest has......>

DOLLAR-PHP
DOLLAR-PHP: Citi note that "client interest has been muted thus far. A slew of
PHP positive headlines lends support to the bullish thesis - Moody's left PH
credit rating unchanged, and we saw some bond issuance too. Mid-month is pretty
much done as well, with importers oddly very quiet. The range has held well so
far, but these factors might just help USD/PHP move lower and out of its recent
range."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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