BSP announces rate cut last May 9 and multiple RRR cuts thereafter. USDPHP has spoken it wants to go up. Possibly 56 if the previous 8% to 9% runups are any indication.
Note
Philequity Corner is bearish on the pair as of today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.