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

Duterte To Announce Decision On Covid Rules In Capital Region

PHP

Spot USD/PHP reopened higher and ebbed off of highs thereafter, with the local Covid-19 numbers and regulations under scrutiny. The rate last sits +0.120 at PHP49.986, with bulls looking for a break above Sep 8 high of PHP50.315. Above there opens Aug 19 high of PHP50.615. On the flip side, a fall through Sep 10 low of PHP49.827 would expose Aug 31/Sep 3 lows of PHP49.660/49.659.

  • USD/PHP 1-month NDF last seen at PHP50.090, unchanged on the day. Bulls eye Sep 7 high of PHP50.400 for initial resistance, while bears would be pleased by a slide through PHP49.720, which limited losses on Aug 31/Sep 1.
  • Pres Duterte will today announce the formal decision on Covid-19 rules in the National Capital Region. Philippine virus task force last Friday gave a nod to a pilot two-tier system of "granular" lockdowns in Metro Manila, whereby high-risk areas such as streets, blocks or houses would be covered by tighter restrictions.
  • Philippine Defence Sec Lorenzana met with his U.S. counterpart Austin in the DC last Friday, with both sides confirming the resumption of joint defence projects under their bilateral military pact.
  • Bangko Sentral ng Pilipinas should release the latest update on overseas remittances at some point this week.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.