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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
MNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
Extending Losses
Spot USD/PHP has advanced and last sits +0.140 at PHP50.125, after playing catch up with yesterday's greenback strength. Further gains past Aug 19 high of PHP50.615 would turn focus to Aug 17 cycle high of PHP50.667. Meanwhile, a pullback under the 50-DMA/Aug 26 low at PHP49.860/49.752 would give bears a green light for targeting Aug 4 low of PHP49.605.
- USD/PHP 1-month NDF last seen +0.080 at PHP50.220. A jump above Aug 19 high of PHP50.760 would expose Aug 16 high of PHP50.990, while losses past yesterday's low of PHP49.400 would clear the way to Jul 2 low of PHP49.250.
- BSP Governor Diokno said Thursday that the central bank will continue liberalising FX rules.
- Elsewhere, Philippine economic officials said that the economic output will not return to pre-pandemic levels until the end of 2022 or early 2023, but prospects for this year "remain encouraging".
- Philippine bank lending data may hit the wires over the coming days, with Markit M'fing PMI coming up next Wednesday.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.