Dollar-Peso Exchange Rate

US Dollar index (DXY) retreated slightly overnight, as profit taking took place on long dollar positions. USD/PHP was a different story though, as the local pair closed another 5.5 centavos higher to Php50.345. Despite the greenback trading softer against other currencies, the local pair was well bid on the back of suspected fixing demand. Monetary presence in the Php50.300 level seen yesterday was missing today, which allowed prices to reach an intraday high of Php50.370 before eventually closing at Php50.345. In other news, the Bangko Sentral ng Pilipinas (BSP) kept key rates on hold as widely anticipated by the market.                         

    22-Jun-17   21-Jun-17
         
OPEN:   50.220   50.170
HIGH:   50.370   50.295
LOW:   50.220   50.160
CLOSE:   50.345   50.290
         
AM WT AVERAGE:   50.325   50.215
AM VOLUME (in millions):   $       539.40   $       384.50
         
PM WT AVERAGE:   50.331   50.265
PM VOLUME(in millions):   $       263.00   $       342.75
         
PDS WT AVERAGE:   50.327   50.239
TOTAL VOLUME(in millions):   $       802.40   $       727.25

 

 


 

 

               

 

 



 

 

 

 

 

 

Local Government Securities Market

Yields moved sideways with downward bias of up to 4 basis points as a bit of buying interest was seen on the end-user side. Activity remained focus on the short-end (2.8 - 8.22 years) jumbo bonds amidst cautiousness on direction of rates moving forward. RTB 3-8 was down by just .75 bps today to close at 3.4825% while FXTN 10-60 was unchanged at 4.3895%. Late in the afternoon, the market appeared to have just shrugged off MB meeting results after coming out just as expected. Volume today was steady at Php 12.4 Bn turnover.

We may expect just minimal trading activity tomorrow amidst lack of fresh leads. Long weekend ahead may also just keep players on the sidelines. Looking ahead to next week, the BTr will re-issue Php 15.0 Bn of FXTN 20-21 (coupon: 5.25%) on Tuesday.  

 

 

 

 

 

Dollar-Peso Exchange Rate
22 Jun 2017 16:00

US Dollar index (DXY) retreated slightly overnight, as profit taking took place on long dollar positions. USD/PHP was a different story though, as the local pair closed another 5.5 centavos higher to  [ ... ]

Local Government Securities Market
22 Jun 2017 16:00

Yields moved sideways with downward bias of up to 4 basis points as a bit of buying interest was seen on the end-user side. Activity remained focus on the short-end (2.8 - 8.22 years) jumbo bonds amid [ ... ]

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