The Philippine peso is set to rebound from a three-month low as remittances from 10 million overseas workers in the run-up to Christmas offset some of the damage done by one of the nation’s deadliest storms ever.
Chile’s peso may be headed for a rebound after the central bank’s two consecutive reductions in borrowing costs helped the currency tumble to its weakest level since October 2011, technical indicators show.
The Colombian peso’s best monthly rally this year is showing signs of fatigue as policy makers consider whether to extend a record $5.9 billion of foreign- currency purchases to weaken the exchange rate.
Trading patterns in the euro show its rally to an eight-month high is vulnerable, as a political crisis in Italy and speculation the European Central Bank will pump liquidity into the financial system weigh on the currency.
The 10-year Treasury note’s drop today below the resistance level implied by the security’s lower Bollinger band suggested the rally in government securities is “overextended,” according to Jefferies Group Inc.
Malaysia’s ringgit is poised to rebound from a three-year low as the economy’s resilience damps concern rising U.S. Treasury yields will prompt overseas investors to dump the nation’s bonds, trading patterns show.