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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.
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Free AccessMetro Manila Kept At Lowest Covid-19 Alert Level
Spot USD/PHP has edged higher this morning and last deals +0.090 at PHP52.345. The PHP52.500 level remains a key near-term bullish target, while bears look for losses past yesterday's low/50-DMA at PHP51.970/51.945.
- USD/PHP 1-month NDF last +0.010 at PHP52.630. Topside focus falls on Apr 20 high of PHP52.750, while bears keep an eye on the 50-DMA at PHP52.153.
- The Philippines' Covid-19 task force decided to keep Metro Manila under Alert Level 1 for the next two weeks, a period that covers the upcoming presidential election.
- Looking ahead, focus turns to Philippine CPI (Thursday) and trade balance (Friday).
To read the full story
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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.