HALISTER1: INSIDE PHILIPPINES: Peso Slips After FBI Clears Clinton Again

INSIDE PHILIPPINES: Peso Slips After FBI Clears Clinton Again

(Bloomberg) -- Peso falls after FBI absolves Clinton ahead of U.S. presidential election; Clinton victory would help clear way for Fed rate-hike, the prospects of which were further boosted by U.S. NFPs on Nov. 4.
  • USD/PHP rising for second day, up 0.1% to 48.520
    • Bullish momentum suggests near-term test of 2016 high of 48.618 set Oct. 12
    • Slow stochastics %K line at 75
  • USD/PHP one-month implied volatility falls 8bps to 5.99%
  • Peso’s one-month forward steady at 48.58 per dollar
  • Foreign reserves due today, see trend here
  • 5-year credit-protection costs for Philippines little changed on Nov. 4 at 116.5bps, below Oct. 13 high of 121bps, according to CMA New York data
  • Yield on 3.625% govt bonds due Sept. 2025 up 4bps to 4.175%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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