2012.06.08 10:44:05 MARKET TALK: USD/PHP Higher; 43.50 Resistance Tipped - Trader

0844 GMT [Dow Jones] The USD/PHP rises late, in-line with the USD's advance against most currencies on continuing concerns over Europe's financial problems. The pair is at 43.27 from 43.16 late Thursday, with volume heavy. Market participants are expected to stay cautious next week as they eye news out of Europe as the election in Greece draws near, says a local bank trader. "There's still a lot of uncertainty and we will continue to track the euro," says the trader, who tips next resistance at 43.50, with support at 43.20. (rhea.sandique-carlos@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires June 08, 2012 04:44 ET (08:44 GMT)