• The Philippine peso weakened for a second day and the domestic share market advanced.
  • USD/PHP rises 0.6% to 57.8900 as of 9:35 a.m. Manila time; poised for the highest close since Nov. 10, 2022; Bloomberg dollar spot index little changed
    ** Most major Asian currencies up versus dollar on day; the Bloomberg Asia Dollar index little changed at 90.22
    ** USD/PHP one-month implied volatility is at 5.62%, up from 5.38% on Wednesday
    ** USD/PHP 200-DMA currently around 56.062; 100-DMA 56.01; 50-DMA 56.222
  • The Philippines’ 10-year bond yield rose 3.6 bps to 6.96% on Wednesday
  • The PSEi Index of shares rises 0.4% to 6,597.17 on the day; set for a fourth day of gains
    ** Global investors sold a net $32.3 million of Philippine stocks on Wednesday, according to exchange data