Forex News USD/PHP may continue to fall after crude futures drop further, U.S. stocks modestly up overnight; pair's support at 43.75 after ending at 7-week low 44.02 yesterday, resistance at 44.25. "Given external developments, it's possible to see further peso gains. However, we could also expect the central bank to intervene in the market and corporate demand for the dollar to set in should the trend continue," says local bank trader.
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