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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Peso Ticks Away From Cycle Lows, Duterte Announces Retirement From Politics
Spot USD/PHP ebbed lower in early Asia-Pac trade and last trades -0.050 at PHP50.750, with bears looking for a deeper sell-off past Sep 24 low/50-DMA at PHP50.247/50.244. Bulls see the round figure/Sep 27 high of PHP51.000/51.036 as their initial target. Above there would open up Mar 18, 2020 high of PHP51.823.
- USD/PHP 1-month NDF last seen -0.010 at PHP50.880. Bears look to a move through the 50-DMA at PHP50.369, bulls would be pleased by a rebound above Sep 27 high of PHP51.520.
- Local headline flow has been dominated by domestic politics as presidential and vice-presidential hopefuls began filing their candidacies ahead of Friday's deadline. Incumbent President Duterte suddenly announced his intention to retire from politics and not seek vice presidency after his term expires in 2022, taking many analysts off guard.
- The Philippine Statistics Agency will publish monthly CPI data tomorrow. Bloomberg consensus forecast looks for a pick-up in the pace of consumer-price growth to +5.1% Y/Y from +4.9%.
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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.