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USD/PHP limited by inflows

  • USD/PHP opens higher but rally limited by weekend inflows

  • Pair opens at 44.25 vs 44.09 Fri close on higher NDFs

  • OFW remittance inflows capped rallies  below 44.30

  • USD/PHP last 44.26-28, traded 44.24-28 range; NDFs 44.32-37

 

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