Philippines traders shrug off mid-month jitters from Covid shutdown

March’s pricing blip was a tremble, not a quake, in a market used to disruption from natural disasters

 philippines peso notes coins - Getty - web.jpg

Emerging markets foreign exchange traders breathed a sigh of relief in mid-March, after fears of a prolonged absence of the Philippines peso non-deliverable forward (NDF) fixing proved to be unfounded.

On the evening of March 16, the Philippines announced an extension of movement restrictions to combat Covid-19. A lack of clarity about its application to workers in the financial industry meant the equity, currency and bond markets did not open on March 17.

While most attention was focused on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: