Forex News: USD/PHP gives up early rise as banks unwind long dollar positions. Pair last at 45.320 after touching high of 45.725 in morning session; volume moderately heavy. "This is classic 'long unwinding.' Everyone is rushing out of the door," says a local bank trader; adds market already dollar toppish following gains in past weeks. Says market expectations central bank will raise key rates by at least 25 bps on Thursday starting to weigh on pair.
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