Advertisements


Peso edges lower vs dollar

THE PESO traded sideways versus the dollar yesterday as markets took a wait-and-see stance on the path of Treasury yields in the United States as well as geopolitical tensions. The local unit closed at P52.285 against the greenback, barely changed from its P52.29 finish on Tuesday. The peso opened weaker at P52.37-per-dollar and touched P52.40 […] The post Peso edges lower vs dollar appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMay 16th, 2018

Peso down on risk-off sentiment

BW FILE PHOTO THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas. The local currency ended Tuesday’s session at P54.24 versus the greenback, 5.5 centavos lower than the P54.185-per-dollar finish last Monday. The peso opened the session slightly… link: Peso down on risk-off sentiment.....»»

Category: newsSource:  manilainformerRelated NewsOct 9th, 2018

Peso to finish the year at P54:$1 – BMI Research

The Philippine peso is looking both technically and fundamentally “bearish,” BMI Research said as it revised its end-2018 forecast for currency to a much lower P54 against the US dollar. In a report released on Wednesday, the Fitch Group unit noted that the peso remained the worst-performing currency in the region, having weakened by more than 7 percent [...] The post Peso to finish the year at P54:$1 – BMI Research appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 28th, 2018

Peso flat on lingering concerns

THE PESO was mostly flat on Wednesday as the dollar weakened due to continued fears over a trade war between the world’s two largest economies. The local unit closed Wednesday’s session at P53.475 against the dollar, weaker by just half a centavo from the P53.47-per-dollar finish on Tuesday. The peso opened the session lower at… link: Peso flat on lingering concerns.....»»

Category: newsSource:  manilainformerRelated NewsJun 27th, 2018

Peso Continues Slide but Local Bourse Breaks Losing Streak

The Philippine stock market closed Tuesday on a positive note to end the eight-day losing streak but the Philippine peso continued to slide against the US dollar. The local currency finished the day’s trade 3 centavos lower at 53.47 from the previous session’s 53.44. It opened the day at 53.43 and traded between 53.35 and […].....»»

Category: newsSource:  metrocebuRelated NewsJun 27th, 2018

Peso likely to weaken vs dollar as geopolitical issues continue

THE PESO is seen to inch lower this week as the dollar is expected to “firm up” amid geopolitical concerns abroad. On Friday, the peso slid to P52.33 versus the greenback from Thursday’s finish of P52.27 as rising US Treasury yields supported the dollar. Week on week, the peso also fell from its P52.19 finish […] The post Peso likely to weaken vs dollar as geopolitical issues continue appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 20th, 2018

Peso edges higher against dollar

THE PESO strengthened slightly against the dollar on Wednesday amid rising US Treasury yields. The local currency ended the session at P52.31 against the greenback yesterday, a centavo stronger than the P52.32-per-dollar close on Tuesday. The peso opened the session stronger at P52.24. It slid to as low as P52.38, while its best showing for […] The post Peso edges higher against dollar appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 25th, 2018

Cebu Pacific books lower profit in 2017

Cebu Pacific (Cebu Air Inc.) posted a net income of P7.91 billion for 2017, 18.9% lower than the P9.75-billion it earned in 2016, primarily due to aircraft expenses and depreciation of the peso against the dollar, the company said in a disclosure to the stock exchange. The Gokongwei-led airline said it generated revenues of P68.03 […] The post Cebu Pacific books lower profit in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 26th, 2018

Peso weakens after BSP, Fed rates decisions

By Karl Angelo N. Vidal, Reporter The peso weakened against the dollar on Thursday, March 22, as the market expects the Bangko Sentral ng Pilipinas (BSP) to keep its policy rates steady. The local currency ended Thursday’s session at P52.20 against the greenback, five centavos lower than the P52.15-per-dollar finish on Wednesday. The peso opened […] The post Peso weakens after BSP, Fed rates decisions appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 22nd, 2018

PESO ends flat on trade data

THE PESO ended flat against the dollar on Friday amid the wider yet lower-than-expected local trade deficit in January. The local currency ended the week closing at P52.03 versus the greenback on Friday, flat from its finish on Thursday. The peso traded weaker the whole day, opening the session at P52.12-per-dollar, while its intraday low […] The post PESO ends flat on trade data appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 9th, 2018

Peso, PSEi down on risk-off sentiment

Both the Philippine peso and the Philippine Stock Exchange index (PSEi) closed lower Monday on risk-off sentiment . The local currency finished the day at 52.00 to a US dollar, weaker than its 51.90 close Friday last week, which a trader pointed to concerns on the Parliamentary elections in Italy, with latest results showing no […].....»»

Category: newsSource:  metrocebuRelated NewsMar 6th, 2018

Peso edges up as Fed hikes rates

THE PESO continued to move sideways against the dollar on Thursday as positive developments on the Philippine tax reform package tempered effects of the US Federal Reserve’s interest rate hike. The local unit closed the session at P50.47 yesterday, inching up from its P50.48-per-dollar finish on Wednesday. The peso opened stronger at P50.37, while its intraday high was […] The post Peso edges up as Fed hikes rates appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2017

Peso edges higher on profit taking, slower inflation

THE PESO moved sideways against the dollar on Tuesday due to profit taking and as data showed inflation eased last month. The local currency finished at P50.63 against the greenback yesterday, 3.5 centavos stronger than its P50.665 close on Monday. The peso traded sideways the whole day, opening the session at P50.61 versus the dollar,… link: Peso edges higher on profit taking, slower inflation.....»»

Category: newsSource:  manilainformerRelated NewsDec 6th, 2017

Peso edges higher on profit taking, slower inflation

THE PESO moved sideways against the dollar on Tuesday due to profit taking and as data showed inflation eased last month. The local currency finished at P50.63 against the greenback yesterday, 3.5 centavos stronger than its P50.665 close on Monday. The peso traded sideways the whole day, opening the session at P50.61 versus the dollar, […] The post Peso edges higher on profit taking, slower inflation appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 6th, 2017

Peso declines on strong US data, dollar demand

THE PESO grew weaker yesterday as the dollar picked up steam on the back of improving factory output in the United States, coupled with domestic corporate demand and profit taking which pushed the currency lower. The local unit closed at P51.405 versus the greenback, down 7.5 centavos from Tuesday’s P51.33 finish. The peso depreciated throughout… link: Peso declines on strong US data, dollar demand.....»»

Category: newsSource:  manilainformerRelated NewsOct 19th, 2017

Peso declines on strong US data, dollar demand

THE PESO grew weaker yesterday as the dollar picked up steam on the back of improving factory output in the United States, coupled with domestic corporate demand and profit taking which pushed the currency lower. The local unit closed at P51.405 versus the greenback, down 7.5 centavos from Tuesday’s P51.33 finish. The peso depreciated throughout […] The post Peso declines on strong US data, dollar demand appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2017

Peso touches 50-a-dollar level

The peso touched the 50-a-dollar level for the first time in eight years before settling slightly lower at 49.98 against the greenback Thursday, as investors hold on to the US currency in anticipation of its further strength......»»

Category: financeSource:  thestandardRelated NewsNov 24th, 2016

Tuesday markets: Peso-dollar rate at P48.34; stocks down

The peso and stock market both ended lower Tuesday, October 25......»»

Category: newsSource:  mb.com.phRelated NewsOct 25th, 2016

Monday markets: Peso-dollar rate at P48.19; stocks lower

The trading week commenced with the peso and stock market in opposite directions Monday, October 24......»»

Category: newsSource:  mb.com.phRelated NewsOct 24th, 2016

Peso-dollar rate at P48.285; stocks down

The peso and the stock market edged lower on October 5, Wednesday......»»

Category: newsSource:  mb.com.phRelated NewsOct 5th, 2016

BSP exec touts hedging facility’s peso support

A HEDGING FACILITY put in place by the central bank to help support the peso has helped the currency recover in recent days, with an analyst noting that the unit may strengthen closer to P53 versus the dollar next month......»»

Category: newsSource:  bworldonlineRelated News3 hr. 14 min. ago