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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 Slips Despite Gov't's Decision To Ease Covid Alert Level In Metro Manila
Spot USD/PHP operates +0.060 at PHP51.410, with the PHP51.500 level providing the familiar technical line in the sand on the topside. Bears look for losses past Feb 23 low of PHP51.105 before setting their sights on Feb 3/Jan 5 lows of PHP50.920/50.900.
- USD/PHP 1-month NDF last +0.28 fig at PHP51.60, with bulls looking to a break above Feb 8 high of PHP51.780. Bears keep an eye on Feb 23 low of PHP51.110.
- Cabinet Sec Nograles said that Covid-19 Alert Level in Metro Manila will be eased to the lowest, initially for the first two weeks of March.
- The Philippines' budget balance & bank lending data are expected to hit the wires today, with monthly CPI due for release on Friday.
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.