Free Trial

USD/PHP has added 14 pips and last.......>

DOLLAR-PHP
DOLLAR-PHP: USD/PHP has added 14 pips and last trades at PHP50.60. Philippine
Econ Planning Sec Chua said that the gov't expects unemployment to reach
double-digit levels this year, but sees the economy recover from the second half
of the year. 
- In local (slightly old) data, overseas remittances rose by 2.5% Y/Y in
February vs. exp. of +3.7% & the prev. +6.6%.
- Bulls look for a break above round figure resistance/May 6 peak at PHP50.60/63
before taking aim at Apr 28 high of PHP50.72. Bears need a drop below May 14 low
of PHP50.25 to regain control.

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.