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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 edged lower and trades -3....>
DOLLAR-PHP: USD/PHP has edged lower and trades -3 pips at PHP50.29, slightly off
earlier lows. The rate printed worst levels in more than two years as it is
headed for the fourth straight day of losses.
- Bears would be pleased with a breach of the lower 2.0% Bollinger band,
intersecting at PHP50.24. Meanwhile, a rebound above the PHP50.40 mark would
expose May 6 high of PHP50.63.
- The Philippines revised its economic forecasts for this year and now expects a
2.0-3.4% Y/Y GDP contraction rather than the 1.0% drop predicted earlier.
- One of the key advisors to Pres Duterte said that the gov't is preparing a
stimulus package, including large infrastructure projects.
- ICYMI: Pres Duterte's spokesman said that the capital region will be kept
under lockdown, but some businesses will be allowed to reopen under limited
capacity.
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.