• The Philippine peso strengthened after weakening the previous day and the domestic share market advanced.
  • USD/PHP falls 0.2% to 57.0550 as of 9:35 a.m. Manila time; set for the biggest drop since March 11; Bloomberg dollar spot index little changed
    ** Most major Asian currencies up versus dollar on day; the Bloomberg Asia Dollar index rises 0.1% to 90.31
    ** USD/PHP one-month implied volatility is at 5.635%, up from 5.5425% on Wednesday
    ** USD/PHP 200-DMA currently around 56.016; 100-DMA 55.914; 50-DMA 56.083
  • The Philippines’ 10-year bond yield rose 3.6 bps to 6.84% on Wednesday
  • The PSEi Index of shares rises 0.6% to 6,491.21 on the day
    ** Global investors sold a net $9.11 million of Philippine stocks on Wednesday, according to exchange data