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USD/PHP has been offered and last........>

DOLLAR-PHP: USD/PHP has been offered and last trades -18 pips at PHP50.43. The
rate has sank through May 27 low of PHP50.47, which brings May 14 low of
PHP50.25 into play. Bulls look for a rebound above May 28 high of PHP50.77,
towards May 22 high of PHP50.80.
- As a reminder, the Philippines resumed relaxing some of the lockdown
restrictions in the capital region today.
- The Philippine Health Dept said on Friday that it has changed the way it is
reporting coronavirus infections.
- Friday saw S&P affirm the Philippines' credit rating at BBB+, leaving the
outlook at stable.
- Philippine unemployment and CPI will be released on Friday.

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