Philippine stocks are expected to trade sideways with a downward bias this week following the hawkish stance by the US Federal Reserve and as the peso stays above the 58 against the US dollar level.
“The PSEi remains range-bound around the 6,400 to 6,800 band, with macro downside risks preventing any propulsion towards the medium-term resistance of 6,800,” 2TradeAsia.com said.
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