Halister News

(Bloomberg) -- Peso rises 0.2% to 47.580 per dollar, according to bankers’ association data.

• Dec. exports contract 3.0% y/y, vs median est. +1.0%
• Philippine tourist arrivals rose to record in 2015: Mirror
• BSP may raise rates by 25 bps this year if inflation is seen quickening toward 3.5%-4.0% in 2017, ING writes in Feb. 9 note; with low inflation likely to prevail in near term and govt spending being ramped higher, BSP will be focused on implementation of interest-rate corridor; which features auctioning of 7-day and 28-day term deposits
• Pivot point at 47.706; USD/PHP support at 47.617; 47.569, 47.432; resistance at 47.754, 47.843, 47.980; USD/PHP’s slow stochastics %K at 20, in oversold territory
• Peso’s one-month forwards up 0.3% to 47.81 per dollar
• Five-year credit-protection costs for Philippines rose 3 bps to 138.5 bps yesterday, highest daily close since late Sept., according to CMA New York data
• Yield on 8% govt bonds due July 2031 little changed at 4.4000%, according to Tradition pricing