• The Philippine peso falls for the first time in four days as the nation’s trade deficit widened and local shares drop.
• USD/PHP gains 0.3% to 55.09; poised to break a three-day losing streak; Bloomberg dollar spot index rises 0.2%
  ** USD/PHP one-month implied volatility is at 8.35%, up from 8.25% on Monday
  ** USD/PHP 200-DMA currently around 55.875; 100-DMA 56.021; 50-DMA 54.904