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2014.11.2619:53:00UTC+00Usd/php Likely to Open Around 44.88

  • Pair finished firm at 44.92 yesterday on short cover 
  • Q3 GDP today forecast 1.40% q/q vs 1.90% last; 6.60%y/y from 6.40% prev 
  • Concerns over ext fall in imports, weaker exports weigh on PHP
  • NDFs traded 44.96-45.03 range overnight, closed 44.93-44.98 in NY 

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