0220 GMT [Dow Jones] The USD/PHP falls weighed by a steady stream of
inflows from overseas Filipino workers even as oil importers place
orders for USD. The pair is at 41.88 from 41.93 late Monday. "It's a
battle of flows versus demand, and this is why we're expecting tight
trading today," says a local bank trader. He tips the pair to stay
within a tight 41.80-41.95 range for the session.
(rhea.sandique-carlos@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 30, 2012 22:20 ET (02:20 GMT)
No comments:
Post a Comment