MNI BRIEF: China Utility Prices Should Be Reasonable

MNI: PBOC Net Injects CNY98 Bln Via OMO Fri; Rate Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1088 Fri; -2.14% Y/Y

CHINA PBOC INJECTS CNY100 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1088 FRI VS 7.1111

MNI China Daily Summary: Thursday, May 30

May PMIs Weaker Than Forecast, Manufacturing Back Sub 50

CHINA MAY MANUFACTURING PMI 49.5 VS 50.4 IN APR

Japan Apr Ind. Output -0.1% M/M; Shipments +0.2% M/M

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Philippines To Leave Current Covid-19 Response In Effect, BSP Decision Up Today

PHP

Spot USD/PHP operates -0.082 at PHP50.213 ahead of the conclusion of BSP monetary policy meeting, having printed its worst levels since mid-Nov earlier in the session. Bears look for further losses past Nov 15 low of PHP49.775, a key near-term support. On the flip side, gains past Nov 26 high of PHP50.558 would shift bullish focus to Nov 22 high of PHP50.765.

  • USD/PHP 1-month NDF unch. at PHP50.270 at typing, with bears looking for a dip through Dec 13 low of PHP50.000 towards Nov 12 low of PHP49.820. Bulls look to a break above the 50-DMA, which kicks in at PHP50.576.
  • Health Sec Duque told reporters that the Philippines will not change its Covid-19 response strategy for now, as officials monitor developments following the emergence of a new variant of the virus. The current Alert Level 2 will be in effect through the remainder of the year, despite declining daily Covid-19 cases.
  • The Congress approved the proposed PHP5.024tn national budget for 2022 on Wednesday, sending it to Pres Duterte for signature.
  • Bangko Sentral ng Pilipinas will almost certainly leave the key interest rate unchanged today. See our preview for more colour on their upcoming decision.
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.