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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
Philippines Expects Vaccine Supply To Normalise
Spot USD/PHP last trades -0.013 at PHP47.722, holding a relatively tight range today. Bears see Jun 8 low of PHP47.640 as their initial target and a break here would shift focus to Jun 1 low of PHP47.615. Bulls eye Jun 4 high of PHP47.882 for initial resistance.
- USD/PHP 1-month NDF last sits -0.040 at PHP47.790. Bears look for a dip through Jun 7 low of PHP47.670, while bulls look to take out Jun 8 high of PHP47.930.
- Philippine Covid-19 task force chief Galvez said backed the call of the League of Cities to designate other high-risk localities outside of "NCR+8" as priority recipients of Covid-19 vaccines.
- Galvez also said that the supply of vaccines will "normalise" by Jun 14, with around 3.2mn of Pfizer & Sinovac jabs due to arrive today.
- BSP said that the Philippines' FDI rose 139.5% Y/Y in March, with Q1 FDI growth seen at +45.1% Y/Y.
- Nothing much left on the local docket this week.
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.