Philippine peso’s best run in six years is under threat

Bloomberg

The Philippine peso’s longest run of quarterly gains in six years will be tested this week with a report forecast to show inflation resumed its downtrend in June.
Evidence consumer-price gains are cooling raises the prospect the central bank will follow up on its May interest-rate cut to support flagging growth.
Technical indicators also suggest the peso may struggle to extend gains, with the currency approaching resistance levels based on Fibonacci analysis.