Monday, February 20, 2017

USD was a touch firmer across most AXJs in particular Philippine Peso this morning. Market chatters of 1





Global Markets Daily
by Saktiandi Supaat


FX Research





USD was a touch firmer across most AXJs in particular Philippine Peso this morning. Market chatters of 10Y PHP bonds getting sold and stop-buy orders being tripped on USDPHP. Onshore spot was last seen at 50.20, highest level since 2007. Also happening this morning, the PBoC weakened CNY reference rate by most (0.42%) against the USD (6.8743 vs. 6.8456 on Fri) since 9 Jan. CNH now trades at a +237 pips premium over CNY. We have a quiet day ahead in terms of data release (TH GDP due 1030am ...

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