Forex - Philippines Flows: USD/PHP still in consolidation ahead of Jackson Hole


 02:52 (GMT) 23 Aug

  [Forex Flows]

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Philippines Flows: USD/PHP still in consolidation ahead of Jackson Hole (0101-NLQZ-C01)

USD/PHP traded in a tight range between 52.300 -52.400 at last look. Peso eked out modest gains of 0.2% against dollar during the week. Markets are on the sidelines ahead of Jackson Hole symposium and Fed Chairman Powell's speech on Friday. The pair is seen in consolidation between support at 52.070 and resistance at 52.450 for now, waiting for catalysts. 1M NDFs were steady at 52.400 at last look. PSEi extended drop, down by 1.15% at last look.


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