USD/PHP Lower On Profit Taking; Support 45.50

Forex News: USD/PHP lower in early session on profit taking after pair ends at fresh 9-month high yesterday, as corporate demand eases following drop in crude prices overnight. Pair last at 45.63 after ending at 45.72 yesterday; trading band at 45.63-45.66, volume moderate. But local bank trader says USD/PHP weakness may be brief as "seasonal imports ahead of Christmas season will increase demand for dollars starting this month". Pegs support at 45.50