HALISTER1: INSIDE PHILIPPINES: Peso Up; Exports Seen Rising 8%-9% This Year

INSIDE PHILIPPINES: Peso Up; Exports Seen Rising 8%-9% This Year

(Bloomberg) -- Peso rises 0.1% to 47.470 per dollar, according to bankers’ association data; Philippines forecasts exports rising 8%-9% in 2016: Inquirer.
  • Economic targets, fiscal programs to be reviewed: Star
  • VP Jejomar Binay remains top contender for 2016 presidential elections, BusinessWorld reports
  • Recent slowdown in remittances isn’t a major concern, Capital Economics writes in note dated Feb. 15; there are welcome signs economy is finding other drivers of growth, notably manufacturing and business outsourcing
  • Pivot point at 47.544; USD/PHP support at 47.469; 47.424, 47.304; resistance at 47.589, 47.664, 47.784
  • USD/PHP’s MACD below signal line, falling toward zero
  • Peso’s one-month forwards little changed at 47.65 per dollar
  • Yield on 8% govt bonds due July 2031 dropped 25 bps last week to 4.2000%, according to Tradition pricing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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