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USD/PHP Still Hovers Above PHP48.00


Spot USD/PHP sits at PHP48.04 at typing, marginally below neutral levels. The PHP48.00 figure continues to provide the key near-term support and a break here would open up Oct 20, 2016 low of PHP47.95. Bulls need a clearance of the 50-DMA/Jan 11 high at PHP48.12/13 to gain a fresh impetus.

  • BSP said in a statement that Gov Diokno was discharged from the hospital Wednesday and will be ready to chair the Monetary Board meetings from next week.
  • Commission on Elections spokesman Jimenez said that the Philippines is considering opening more polling centres for the 2022 presidential election to protect voters from contracting Covid-19.
  • The Filipino docket is empty during the remainder of this week, focus moves to next Wednesday's trade report & next Thursday's GDP.

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