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Peso nears P52-per-dollar level

THE PESO dropped further against the dollar on Tuesday, breaching the P52 level intraday, ahead of the release of US January inflation data. The local currency closed Monday’s trading session at P51.98 versus the dollar, 21 centavos weaker than the P51.77 finish on Friday. This is the peso’s worst finish in more than 11 years […] The post Peso nears P52-per-dollar level appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineFeb 13th, 2018

Peso hits P52:$1 level

THE Philippine peso continued to weaken on Wednesday, hitting P52:$1 in morning trade. The local currency opened at P52.03 per US dollar, five centavos weaker than the closing rate of P51.98:$1 on Tuesday, before trading between P51.98 and P52.05 against the greenback. The last time the local unit breached the P52:$1 territory was 11 years ago or [...] The post Peso hits P52:$1 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 14th, 2018

Peso strengthens vs dollar on profit taking

THE PESO closed stronger against the US dollar on Wednesday, retreating to the P50 level, as market players took profits after the local currency’s steep decline on Tuesday. The peso ended Wednesday’s session at P50.96 versus the greenback, gaining 14 centavos from the P51.10-per-dollar finish seen on Tuesday. Yesterday’s session opened with the peso strengthening […] The post Peso strengthens vs dollar on profit taking appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 24th, 2018

Peso back down to 51:$1

The peso on Tuesday slid back to the weaker 51:$1 level, closing at 51.1:$1 partly due to the impact on consumption of the first tax reform package. It was the peso's weakest close in over two months, or since Nov. 14 last year's 51.18:$1. At the Philippine Dealing System, the peso reached an intraday low of 51.145:$1 and a high of 50.8:$1 after opening at 50.82:$1. The total volume traded inched up to $878.5 million from $868.5 million last Monday. "Import demand for US dollar remains strong with the income tax cuts of the TRAIN generating demand for consumer durables including vehicles," ING Bank Manila senior economist Joey Cuyegkeng said, referring to the Tax Reform for A...Keep on reading: Peso back down to 51:$1.....»»

Category: newsSource:  inquirerRelated NewsJan 23rd, 2018

Peso hits two-month low on weak GDP data

THE PESO plunged against the dollar as it breached the P51 level on the back of slower-than-expected fourth-quarter Philippine economic growth and the end of the three-day US government shutdown. The local currency ended Tuesday’s session at P51.10 versus the greenback, 26.5 centavos weaker than its P50.835-per-dollar close on Monday. This is the peso’s weakest […] The post Peso hits two-month low on weak GDP data appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 23rd, 2018

Peso weakens further as players position ahead of Fed rate hikes

THE PESO extended its decline against the greenback and sank deeper within the P50-per-dollar level on Tuesday as market players position ahead of expected rate hikes from US Federal Reserve this year. The local currency ended yesterday’s session at P50.29 against the greenback, 14 centavos weaker than its P50.15-per-dollar finish on Monday. The peso traded […] The post Peso weakens further as players position ahead of Fed rate hikes appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2018

Peso among “most stable” in Asia despite losses in 2017, says DoF

THE Department of Finance (DoF) said the peso remained among the “most stable” currencies in Asia and “finished strongly” in 2017 despite a 0.5% depreciation against the dollar. The peso capped 2017 below the 50-per-dollar level — clawing back losses after staying within that territory to fall to multi-year lows for the most part of […] The post Peso among “most stable” in Asia despite losses in 2017, says DoF appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 5th, 2018

Financial marts end 2017 on a high

By Arra B. Francia, Reporter and Karl Angelo N. Vidal THE country’s financial markets ended 2017 with a bang, with the Philippine Stock Exchange index (PSEi) soaring to a fresh high on the last trading day, and the peso rallying to its best level against the US dollar in six months. EQUITIES The PSEi, a […] The post Financial marts end 2017 on a high appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 29th, 2017

Financial marts end 2017 on a high

By Arra B. Francia, Reporter and Karl Angelo N. Vidal THE country’s financial markets ended 2017 with a bang, with the Philippine Stock Exchange index (PSEi) soaring to a fresh high on the last trading day, and the peso rallying to its best level against the US dollar in six months. EQUITIES The PSEi, a… link: Financial marts end 2017 on a high.....»»

Category: newsSource:  manilainformerRelated NewsDec 29th, 2017

Peso strengthens on strong dollar inflows

MANILA, Philippines — The peso gained six centavos yesterday to settle at 49.98 to $1, the strongest level in more than six months due to strong dollar inflo.....»»

Category: financeSource:  philstarRelated NewsDec 28th, 2017

Peso returns to P49:$1 level on tax concerns

THE PESO grew stronger against the dollar on Thursday, returning to the P49 level for the first time in more than six months, as market players weigh the negative effects of the US tax overhaul on large financial institutions. The local currency closed the session at P49.98 versus the greenback, gaining six centavos from its […] The post Peso returns to P49:$1 level on tax concerns appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 28th, 2017

Peso climbs to six-month high, briefly breaches P49 level

The peso soared against the dollar on Wednesday, hitting its strongest level in six months as it briefly breached the P49 level intraday, as it strengthened in the offshore market......»»

Category: newsSource:  interaksyonRelated NewsDec 27th, 2017

Peso climbs to six-month high on positioning before yearend

THE PESO soared against the dollar on Wednesday, hitting its strongest level in six months as it briefly breached the P49 level intraday, as it strengthened in the offshore market. The local currency finished at P50.04 against the greenback yesterday, gaining 10 centavos from its P50.14-per-dollar close seen on Friday. Wednesday’s finish was also the […] The post Peso climbs to six-month high on positioning before yearend appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 27th, 2017

Peso touches 49:$1 level

  The pesoon Wednesdaytouched the 49:$1 level before closing at 50.04:$1, 10 centavos stronger than it was before the Christmas holiday break. At the Philippine Dealing System, the peso reached an intraday high of 49.96:$1 and a low of 50.05:$1 after opening at 50.03:$1. It closed at 50.14:$1 on Dec. 22. After a two-day break, the peso closed at its strongest sinceJune 19's 49.91:$1, after which it slipped to 11-year low levels before recovering towards yearend. The total volume traded slid to $523.1 million from $740.8 million last Friday. In a note to clients, Metrobank Research said it expects the peso-dollar pair to trade within the range of 49.8-50.5:$1 this ...Keep on reading: Peso touches 49:$1 level.....»»

Category: newsSource:  inquirerRelated NewsDec 27th, 2017

Peso sustains climb

THE PESO continued to soar against the dollar on Tuesday to hit its highest level in over three months as anticipation over the Philippine tax reform package and uncertainty over the US tax reform grew. The local currency finished at P50.35 against the greenback yesterday, 16 centavos stronger than its P50.51 close on Monday. Yesterday’s… link: Peso sustains climb.....»»

Category: newsSource:  manilainformerRelated NewsNov 29th, 2017

Peso sustains climb

THE PESO continued to soar against the dollar on Tuesday to hit its highest level in over three months as anticipation over the Philippine tax reform package and uncertainty over the US tax reform grew. The local currency finished at P50.35 against the greenback yesterday, 16 centavos stronger than its P50.51 close on Monday. Yesterday’s […] The post Peso sustains climb appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2017

Peso climbs on US tax concerns

THE PESO strengthened against the dollar yesterday on the back of the local bourse’s performance, as well as recent political developments in the US. The local unit closed at P50.79 against the greenback on Monday, 16 centavos stronger compared with Friday’s P50.95-per-dollar close. The peso opened stronger at P50.88, but returned to the P51 level […] The post Peso climbs on US tax concerns appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 20th, 2017

Peso returns to P50:$1 on strong Q3 GDP data

THE PESO returned to the P50-per-dollar level on Thursday on the back of the country’s stronger-than-expected third quarter gross domestic product (GDP) growth print. The local currency closed at P50.90 against the greenback yesterday, gaining 14 centavos from its P51.04 finish on Wednesday. This was the best close of the peso in more than a […] The post Peso returns to P50:$1 on strong Q3 GDP data appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsNov 17th, 2017

Rate hike needed to keep peso from falling

Monetary authorities need to raise policy rates to keep the peso from falling past P52 to the dollar next year, Australia’s ANZ Research said. A deterioration in the current account balance, ANZ said in its “Asia Economic Outlook” report released on Tuesday, is the key reason why the currency has fallen to the P51:$1 level [...] The post Rate hike needed to keep peso from falling appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 17th, 2017

Peso drops to 51.34:$1

MANILA, Philippines - The peso continued yesterday to lose more ground against the dollar, shedding 26 centavos to close at its weakest level in almost 11 ye.....»»

Category: financeSource:  philstarRelated NewsAug 15th, 2017

DBS: Peso to stay weak till 2018's first half

A SUSTAINED DEFICIT in the country's current account will put further pressure on the peso, analysts at a global bank said, noting that the currency is likely to trade weaker than the P50-per-dollar level at least until the second quarter of next year......»»

Category: newsSource:  bworldonlineRelated NewsAug 3rd, 2017