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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.
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Free AccessUSD/PHP has added 6 pips thus far and....>
DOLLAR-PHP: USD/PHP has added 6 pips thus far and last trades at PHP50.04.
Further gains past Jun 23 high of PHP50.25 are needed to bring Jun 15 high of
PHP50.38 into view. Bears look for a dip towards Jun 8 low of PHP49.80, the key
near-term support.
- Worth rehashing yesterday's comments from the Philippine Health Dept, which
said that the country could see a continued increase in its Covid-19 case count,
as new outbreaks emerge in some provinces.
- Eyes are on the BSP today, as Governor Diokno & Co. are preparing to deliver
their monetary policy decision. 12 out of 22 economists that took part in BBG
survey expect no change to the benchmark interest rate, with further 10 analysts
looking to a 25bp rate cut.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.