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China Repo Rates Rise Friday

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Peso is stronger, USD/PHP gapping lower at the open as the greenback declined. The peso is hovering around its strongest level since 2016.

  • There were reports on the wires earlier that Manila would remain under general quarantine until June 15. Elsewhere, President Duterte's party has encouraged him to run for vice president in the 2022 elections which could mean he will stay in his job until his term ends next year. This would mean he was immune from criminal charges until he left office.

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