• USD/PHP drops as much as 0.4% to 55.04, the lowest since July 5
  • FX pair falls to trade below its 200-DMA for the first time since June 2021
  • BSP Governor Felipe Medalla said Tuesday the monetary tightening hasn’t ended even as inflation is likely to peak this month
  • It’s safe to say that terminal rate will be higher than current level, Medalla said
  • Global funds were net sellers of $7.75 million in local equities on Tuesday, according to exchange data
  • Philippine 10-year bond yield steady at 6.89% on Tuesday