Forex News USD/PHP may continue decline following Philippine central bank's higher-than-consensus interest rate increase last week; support at 44.20 after pair ended at 44.455 Friday (vs Thursday's close 45.03), says Banco De Oro market strategist Jonathan Ravelas. Adds "chartwise, the week's close at 44.455 could extend the peso's gains towards the 44.15-44.20 levels next week. However, this correction experienced by the market may be temporary."
0 comments:
Post a Comment