USDPHP has traded bid since the end of Aug, hitting a high of 47.770 on 14 Sep briefly amid a resurgence i

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FX Research by Saktiandi Supaat

PHP: What’s Driving It Lower MTD?

USDPHP has traded bid since the end of Aug, hitting a high of 47.770 on 14 Sep briefly amid a resurgence in the dollar. Since the low of Aug of 46.23, the PHP has weakened by 3.2% against the USD – the worst performer among the ASEAN currencies month-to-date (MTD)...

Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg