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Peso Creeps Higher Ahead Of This Week's String Of Data Releases

PHP

Spot USD/PHP has slipped and operates -0.105 at PHP51.563, with bears looking for further losses towards Feb 23 low of PHP51.105. Bulls need a bounce above Mar 31 high of PHP52.092 before targeting Mar 22/14 highs of PHP52.471/52.487.

  • USD/PHP 1-month NDF last -0.040 at PHP51.690. Downside focus falls on Feb 23 low of PHP51.110, while bulls keep an eye on Mar 22 high of PHP52.790.
  • Presidential front-runner Ferdinand "Bongbong" Marcos Jr. skipped another debate with his rivals Sunday, which saw candidates pledge to take tougher stance on China if elected to the highest office.
  • Bangko Sentral ng Pilipinas has appointed its chief comptroller Eduardo Bobier as Deputy Governor for Corporate Services.
  • Participants look ahead to the release of CPI (Tuesday), unemployment (Thursday) and trade data (Friday).

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