0053 GMT [Dow Jones] The USD/PHP may rise in rangebound trade on a
stronger USD against most regional currencies as Wednesday's FOMC
minutes diminished hopes for further monetary easing. The pair may
head toward 42.00 from 41.87 late Wednesday. Still, some inflows from
overseas Filipino workers could cap any sharper gains. Next support is
tipped at 41.80. (rhea.sandique-carlos@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 11, 2012 20:53 ET (00:53 GMT)
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