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Less corporate demand for US dollars and a favorable ratings outlook from Moody's Investors Service may cause pressures on the peso to slightly ease, traders said, while yields of Treasury papers may remain stable given the strong cash position of the government.
In a BusinessWorld poll, traders said the peso is seen to range from P41 to P41.15 against the US dollar after the market last week met a "couple of huge dollar requirements" which dragged down the peso past the P41:$1 level.
This week, traders said, is "an opportunity to sell."
At the Philippine Dealing System, the country's electronic currencies exchange, the local unit last Friday …