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

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: EUROZONE NOV FINAL MANUF PMI 45.2 (FLASH 45.2); OCT 46.0

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI: EUROZONE OCT UNEMPLOYMENT RATE 6.3%

MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

MNI: FRANCE NOV FINAL MANUF PMI 43.1 (FLASH 43.2); OCT 44.5

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

GDP Steals Limelight Ahead Of BSP Meeting

PHP

The dynamic rebound in spot USD/PHP drew to a close Monday, with the pair finishing little changed. It last sits -0.015 at PHP50.375, with bears looking for a fall through Aug 4 low of PHP49.605 to confirm that the topside impetus is gone. Bulls need a clean breach of Jul 28/19 highs of PHP50.490/50.496 to confirm their dominance and bring May 18, 2020 high of PHP50.906 into play.

  • USD/PHP 1-month NDF last -0.040 at PHP50.570. Bears keep an eye on Aug 3 low of PHP49.680, while bulls look to a move through Aug 6 high of PHP50.870, towards Jul 19 high of PHP51.390.
  • The Philippine Statistics Authority will publish Q2 GDP data at the top of the hour, the last major release before Thursday's monetary policy decision from Bangko Sentral ng Pilipinas. According to Bloomberg median estimate, the economy is expected to have grown 10.9% Y/Y in Q2. The PSA yesterday revised the Q1 reading to -3.9% from -4.2%.
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.