MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Peso Retreats

PHP

Spot USD/PHP reopened sharply higher, breaking above its 50-DMA. The rate operates +0.215 at PHP50.640, with bulls looking to a move through Oct 22 high of PHP50.907 towards Sep 27 high of PHP51.036. Conversely, a pullback under Nov 19 low of PHP50.220 would expose Nov 15 low of PHP49.775.

  • USD/PHP 1-month NDF last +0.110 at PHP50.720. Bulls look for a breach of Nov 3 & 4 highs of PHP50.920, while bears keep an eye on Nov 12 low of PHP49.820.
  • Pres Duterte insisted that he remains member of PDP-Laban even as he runs for senator as a candidate of PDDS, which he described as a "political strategy." He pledged to campaign for the ruling party's candidates, as "PDP-Laban and PDDS are one."
  • OCTA Research Group said that daily Covid-19 cases may drop to 500by year-end, if efforts are made to sustain the current trends.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.