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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 AccessPeso Holds Onto Losses, Medalla Says Low CPI Could Justify BSP Pause
USD/PHP 1-month NDF last seen +0.21 at PHP56.18 with participants digesting comments from local central bank chief. The 200-DMA (PHP56.17) has been pierced and bullish focus turns to Apr 19 high of PHP56.55. Bears see May 4 low of PHP55.17 as their key near-term target.
- Bloomberg runs comments from Bangko Sentral ng Pilipinas Governor Felipe Medalla, who says that the central bank "clearly must pause" if low CPI in the last three months is a permanent trend. However, if the Fed will not be cutting interest rates, it would be hard for the BSP to cut its key rate.
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.