Philippine Peso May Shift Focus to Fed, U.S. Election: Union Bk
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- USD/PHP takes a breather, likely to resume upward bias and hit initial resistance at 48.50, says Matthew Cipriano, a Manila-based FX trader at Union Bank of the Philippines.
Alert: HALISTER1- “Going forward, the bias is on the upside as traders start pricing in a rate hike by the Fed by December,” he says
- U.S. election also a risk event, which could serve as catalyst for peso’s direction
- Spot USD/PHP up 0.1% to 48.330
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283