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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.
PHILIPPINES
USD/PHP has ground higher and last sits +0.020 at PHP48.450, slowly chewing into yesterday's losses. Familiar technical picture remains in play.
- Looking into the details of the latest Labour Force Survey, the uptick in headline unemployment rate seems driven a 3pp jump in the participation rate coupled with a marginal decrease in employment. The underemployment rate rose to 18.2% from 16.0%.
- Philippine budget deficit widened to PHP116.0bn in Feb from PHP14.1bn seen in Jan, as revenues rose 6.15% Y/Y, while expenditures increased 37.27% Y/Y.
Fig. 1: Results from the February 2021 Labour Force Survey (LFS)
Source: Philippine Statistics Authority
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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