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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 AccessPhilippines Starts Inoculating Key Workers, Mulls Looser Rules For Vaccinated Filipinos
Spot USD/PHP operates -0.041 at PHP47.698 at typing, extending Friday's losses. Jun 1 cycle low of PHP47.615 is in sight and a break here would open up Feb 15 low of PHP47.441. Bulls need a clearance of Friday's high of PHP47.882 before targeting the 50-DMA/May 27 high at PHP48.182/48.185.
- USD/PHP 1-month NDF last +0.010 at PHP47.790 and gains past Jun 2 high of PHP47.980 would shift focus to May 15 high of PHP48.310. Bears look for a dip through PHP47.710, a fresh cycle low printed last week.
- Philippine Dept of Health said that the local Covid-19 outbreak remains "manageable" and asked Filipinos to observe the current health protocols.
- The Philippines begins the inoculation of essential workers against Covid-19 today. The category includes around 35.5mn workers employed in key sectors of the economy.
- CNN Philippines reported that the Philippine Covid-19 task force considers relaxing protocols for Filipinos vaccinated against coronavirus.
- Philippine unemployment hits the wires tomorrow, with monthly trade report coming up Wednesday.
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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.