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Peso falls to 53.23:$1, a 12-year low

  The peso fell to its weakest level against the US dollar in 12 years on Wednesday as traders digested dovish statements of central bank officials that made financial markets uncertain about another interest rate hike next week to help cap local consumer prices.   At the same time, investors also unloaded the peso and shifted to the dollar without waiting for the outcome of a US Federal Reserve meeting where markets expected the world's most influential central bank to raise its own interest rates for the second time this year.   Weakest since 2006   The peso opened Wednesday's trading session weaker at P53 to the dollar, from the previous tr...Keep on reading: Peso falls to 53.23:$1, a 12-year low.....»»

Category: newsSource: inquirer inquirerJun 14th, 2018

Peso falls to 53.23:$1, a 12-year low

  The peso fell to its weakest level against the US dollar in 12 years on Wednesday as traders digested dovish statements of central bank officials that made financial markets uncertain about another interest rate hike next week to help cap local consumer prices.   At the same time, investors also unloaded the peso and shifted to the dollar without waiting for the outcome of a US Federal Reserve meeting where markets expected the world's most influential central bank to raise its own interest rates for the second time this year.   Weakest since 2006   The peso opened Wednesday's trading session weaker at P53 to the dollar, from the previous tr...Keep on reading: Peso falls to 53.23:$1, a 12-year low.....»»

Category: newsSource:  inquirerRelated NewsJun 14th, 2018

Philippine peso breaches P53 to $1 level, falls to 12-year low

MANILA, Philippines – The Philippine peso has breached the P53 to $1 level, falling to a 12-year low as markets anticipated the US Federal Reserve to announce another interest rate hike. The peso closed at P53.23 on Wednesday – its weakest level since closing at P53.55 to $1 on ........»»

Category: newsSource:  rapplerRelated NewsJun 13th, 2018

Peso weakens further; falls to P52.55 per dollar

THE peso weakened to a near 12-year low anew on Thursday, which an analyst said could be partly attributed to a central bank decision to cut bank reserve requirements. The currency closed 8 centavos down at P52.55 to the dollar, its lowest since a P52.74:$1 finish on July 19, 2006. ING Bank Manila senior economist [...] The post Peso weakens further; falls to P52.55 per dollar appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 24th, 2018

Peso falls to P52.46:$1, lowest in nearly 12 yrs

The peso weakened to a near 12-year low on Monday, weighed down by fears of accelerated US interest rate hikes and other global concerns. The currency closed 13 centavos down at P52.46:$1, its lowest since its P52.74:$1 finish on July 19, 2006. It opened at P52.36:$1 and traded between P52.34 and P52.48. Land Bank of [...] The post Peso falls to P52.46:$1, lowest in nearly 12 yrs appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 22nd, 2018

Peso falls to 11-year low

The peso continued to weaken yesterday, shedding 13.5 centavos to close at a fresh 11-year low amid the country’s weakening external payments position due to the widening trade and current account deficits......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2018

Peso falls to new 11-year low

Peso falls to new 11-year low.....»»

Category: financeSource:  philstarRelated NewsJul 19th, 2017

Peso falls to fresh 11-year low

MANILA, Philippines -  The peso weakened further yesterday to a fresh 11-year low due to the rising possibility of monetary policy tightening in the US, Japa.....»»

Category: financeSource:  philstarRelated NewsJul 6th, 2017

Peso falls to 10-year-low

he peso closed at a 10-ye........»»

Category: newsSource:  manila_shimbunRelated NewsMar 2nd, 2017

Peso falls to new 11-year low

he Philippine peso closed........»»

Category: newsSource:  manila_shimbunRelated NewsFeb 20th, 2017

Peso falls to 10-year low at 50.23:$1

MANILA, Philippines - The peso declined by another 23 centavos to close at its weakest level in more than a decade yesterday, spooked by prospects of higher.....»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2017

Business confidence falls amid concern over Duterte policy shift

BUSINESSES grew less bullish during the fourth quarter to break the usual pattern ahead of the holiday season, amid concerns over policy changes under the Duterte administration and a weaker peso to log a two-year low, the Bangko Sentral ng Pilipinas (BSP.....»»

Category: newsSource:  bworldonlineRelated NewsNov 25th, 2016

Peso falls to 7-year low of 48.33 a dollar

Peso falls to 7-year low of 48.33 a dollar.....»»

Category: financeSource:  thestandardRelated NewsSep 29th, 2016
Category: newsSource:  manila_shimbunRelated NewsSep 26th, 2016

Peso falls to seven-year low

Peso falls to seven-year low.....»»

Category: entertainmentSource:  pepRelated NewsSep 26th, 2016

Peso hits P53.48:$1

Monetary policy differences, US-China trade spat blamed Monetary policy “divergences” and renewed trade tensions between the United States and China pulled the Philippine peso to a fresh 12-year low of P53.48 against the dollar on Monday. The currency closed 21 centavos down from P53.27:$1 last Thursday, its lowest since a P53.55:$1 finish on June 29, [...] The post Peso hits P53.48:$1 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 18th, 2018

Overseas Filipinos’ cash remittances

OVERSEAS Filipino workers (OFWs) sent more money home in April, clocking the fastest growth in over a year on the back of a weaker peso, the central bank reported on Monday. Read the full story. The post Overseas Filipinos’ cash remittances appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 18th, 2018

April remittances post fastest growth in over a year

OVERSEAS Filipino workers (OFWs) sent more money home in April, clocking the fastest growth in over a year on the back of a weaker peso, the central bank reported on Monday. The post April remittances post fastest growth in over a year appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 18th, 2018

‘Hot money’ resumed outflow in May

  Hot money investments resumed their outflow in May after a two-month respite, but the year-to-date tally of these short-term fund flows remained positive, the Bangko Sentral ng Pilipinas said on Thursday.   In a statement, the central bank said that registered foreign portfolio investments during May 2018 amounted to $1.2 billion, down by 11.9 percent and 18.4 percent from figures recorded the previous month and a year ago, respectively.   "This may be attributed to higher US treasury yields and investor concerns on a weaker peso and rising oil prices, which may affect inflation," the BSP said.   The United Kingdom, US, Singapore, Malaysia, ...Keep on reading: ‘Hot money’ resumed outflow in May.....»»

Category: newsSource:  inquirerRelated NewsJun 16th, 2018

Fed hike to weigh on BSP policy as peso slips to new 12-year low

The decision of the US Federal Reserve to raise interest rates in the world's largest economy will weigh on the Bangko Sentral ng Pilipinas' (BSP) upcoming discussions on further tighteni.....»»

Category: newsSource:  philippinetimesRelated NewsJun 15th, 2018

Local stocks slump on peso weakness

The peso's depreciation to a 12-year-low against the US dollar ahead of a closely watched US Federal Reserve's monetary policy-setting dragged the local stock barometer down to the 7,600.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018