Free Trial

Two Weeks Needed To See Full Impact Of Lockdown On Daily Infection Tally

PHP

Spot USD/PHP holds a narrow range in early trade, last changes hands at PHP48.553. A break above the nearby 200-DMA at PHP48.605 would encourage bulls to take aim at PHP48.736/48.755, which capped gains on Mar 17/Feb 23. Meanwhile, losses past the 50-DMA at PHP48.427 would clear the way to Apr 6 low of PHP48.319.

  • Philippine Pres Duterte used his first public appearance in two weeks (he earlier communicated his decision via the spokesman) to downplay speculation that he might be suffering from some serious health condition.
  • The Philippines' tensions with China have sparked concerns over the delivery of Chinese Covid-19 vaccines. Manila asked the U.S. to help expedite the delivery of jabs produced by Moderna.
  • The Dept of Health suggested that it might take another 10-14 days to see the full impact of tighter restrictions imposed in the so called NCR+ bubble.
  • Bangko Sentral ng Pilipinas will publish overseas remittances data this Thursday.

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.