Forex - Philippines Flows: Peso edged higher on the progress in trade talks


 02:33 (GMT) 14 Oct

  [Forex Flows]

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Philippines Flows: Peso edged higher on the progress in trade talks (0101-PKKW-C01)

Peso inched higher after the recent progress made in the U.S.-China trade negotiations lifted sentiment. The mini-trade deal between the two is likely to offer a temporary relief, and markets remain sceptical of the specifics of the deal and some other major issues such as those in high-tech sectors still remain. USD/PHP dipper lower to 51.500 after open, and pressure stays on the downside, lower support is seen at 51.270. 1M NDFs were largely stable at 51.600. Asian stocks rallied on the ease of US-China trade tensions on Monday, and PSEi was also higher by 0.61% at last look.


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