Forex News USD/PHP closes higher at 44.23, regaining lost ground as corporates take advantage of pair's early fall to service USD requirements; volume heavy as USD/PHP rebounded after dipping to a 7-week low 43.83; pair expected to move within 44.50-44.00 range, although further weakness in oil price could take USD/PHP to 43.70 support; "Aside from corporates, banks also covered shorts," says a trader with one of the large local banks, adds "oil and inflation remain the key drivers."
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