CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

USD/PHP 1-Month NDF Edge Higher With Philippine Markets Closed For Holiday

PHP

USD/PHP 1-month NDF trades +0.150 at PHP58.180, hovering just above its 50-DMA, which came under pressure last Friday. Should that moving average (PHP58.034) give way, bears could target the 100-DMA at PHP56.787. Bulls look for a renewed rally towards record highs at PHP59.460.

  • Domestic markets are shut through Tuesday due to public holidays in the Philippines.
  • Local front pages have been dominated by reports surrounding tropical storm Paeng, which has claimed 98 lives and affected 1.8mn people across 17 regions so far.
  • Offshore players sold a net $0.716mn in Philippine stocks last Friday and the PSEi index snapped a four-day winning streak.
  • The BSP said it sees inflation reach a turning point at +7.1-7.9% Y/Y this month, before easing from there, as pressures from weather conditions and transport fare hikes will moderate.
  • September saw continued acceleration in bank lending growth. Outstanding loans net of RRPs rose 13.4% Y/Y in September versus +12.2% in August.
  • Later this week, focus will turn to CPI and trade balance, both due Friday.
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.