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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 Tight Range, Philippines & China Pledge Closer Cooperation
Spot USD/PHP trades flat at PHP48.07 as we type, struggling for any clear direction. It continues to hover within touching distance from the PHP48.00 mark, reluctant to attack the level. A move through there would bring Oct 20, 2016 low of PHP47.95 into play. Bulls need a clearance of Dec 22 & Jan 11 highs/50-DMA at PHP48.13/14 to gain a fresh impetus.
- China's Foreign Min Wang met with his Filipino counterpart Locsin & Pres Duterte and announced that China will supply 500,000 doses of its Covid-19 jab to the Philippines. Wang also pledged that China will boost infrastructure investment in the Philippines, starting with a CNY500mn grant for infrastructure projects.
- The Philippines will release its trade report for the month of December on Thursday.
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.