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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

July dollar reserves dip to lowest since 2011

The dollar reserves of the Bangko Sentral ng Pilipinas (BSP) has dipped to its lowest level in almost seven years at the end of last month as monetary authorities used up more hard currency to pay for foreign obligations and temper the volatility of the peso. In a press statement, the Bangko Sentral ng Pilipinas… link: July dollar reserves dip to lowest since 2011.....»»

Category: newsSource:  manilainformerRelated NewsAug 7th, 2018

Peso touches P52:$1 before closing weaker

THE peso briefly returned to the P52:1 level on Thursday with expectations of more aggressive monetary policy action said to have provided a temporary boost. The currency opened at P52.98 to the dollar and climbed to as high as P52.93 during the day before closing at P53.09, marginally down from Wednesday’s P53.08. ING Bank Manila senior economist [...] The post Peso touches P52:$1 before closing weaker appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 2nd, 2018

Forex reserves drop to 6-year low in June

The country’s gross international reserves declined for the third straight month in June, slumping to the lowest level in six years due to the strong outflows and the weakening of the peso against the dollar, the Bangko Sentral ng Pilipinas reported yesterday......»»

Category: financeSource:  philstarRelated NewsJul 7th, 2018

Workers raise alarm over peso fall

Labor groups have voiced alarm over the drop of the peso against the US dollar to its lowest level in 12 years, but some business groups are not worried.   The peso closed at P53.27 to a dollar on Thursday, a further deterioration from the P53.23 the day before and a big drop from Monday's P52.95.   At P53.27, the currency is higher than the government exchange rate assumption of P50 to P53 for 2018.   "It's no cause for concern," said George Barcelon, chair of the Philippine Chamber of Commerce and Industry. Barcelon noted that other currencies in the region have weakened against the US dollar as well.   'Manageable'   "As long as i...Keep on reading: Workers raise alarm over peso fall.....»»

Category: newsSource:  inquirerRelated NewsJun 15th, 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 financial markets down on Fed

The Philippines’ financial markets ended Wednesday on a negative note, with the Philippine Stock Exchange index crashing to the 7,600 level, and the peso plunging to a fresh 12-year low against the dollar......»»

Category: newsSource:  philstarRelated NewsJun 13th, 2018

Peso breaches P53:$1 level

THE Philippine peso continued to weaken on Wednesday, breaching the P53.09:$1 level in morning trade. The local currency opened at P53 to the dollar, five centavos weaker than the closing rate of P52.95:$1 on Monday. Analysts said earlier this week that geopolitical developments and worries over an expected US interest rate increase announcement were weighing down the [...] The post Peso breaches P53:$1 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 13th, 2018

Peso touches 12-year low

The Philippine peso hit its lowest level in almost 12 years during intraday trading yesterday as traders braced themselves for the possibility of more capital outflows next month. The local currency declined to as low as P52.60 to the dollar during the morning session after the US Federal Reserve released details from their latest meeting pointing to the possibility of a rate hike in June. Higher interest rates in the world's largest economy make investing in securities more attractive, resulting in investors selling pesos to buy dollars. The peso opened the session weaker at 52.50 and slid to 52.60 --- the lowest since July 2006 --- before recovering slightly to 52.45 to a doll...Keep on reading: Peso touches 12-year low.....»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2018

Peso tracks weakness of other currencies’ vs dollar

The peso slipped on Wednesday, May 9, retreating to the P52 level, as the dollar strengthened across a band of currencies and amid the country’s wider trade deficit. The local currency closed the session at P52.015, 16.5 centavos weaker than the P51.85-per-greenback finish on Tuesday. The peso traded weaker the whole day, opening the peso […] The post Peso tracks weakness of other currencies’ vs dollar appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2018

Peso continues to strengthen against US dollar

THE peso strengthened further against the US dollar on Friday, breaching the P51 level, after S&P Global Ratings upgraded its outlook on the Philippine economy. The local currency ended the session at P51.965 versus the greenback, 18.5 centavos stronger from the P52.15-per-dollar finish on Thursday. This is the peso’s strongest showing in two weeks since […] The post Peso continues to strengthen against US dollar appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 27th, 2018

Peso ends the week flat amid lack of leads

The peso moved sideways on Friday, April 20, generally unchanged from the previous day’s level due to lack of leads. The local unit ended the week at P52.095 versus the dollar, little changed from the P52.10 finish on Thursday. The peso opened at P52.16 versus the greenback, weaker than the previous day’s closing rate. It […] The post Peso ends the week flat amid lack of leads appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 20th, 2018

Peso strengthens to P51:$1 level

THE PESO strengthened on Wednesday to return to the P51-per-dollar level following a wider trade deficit seen in February. The local currency ended yesterday’s session at P51.945 against the greenback, 6.5 centavos stronger than its P52-per-dollar finish on Tuesday. The peso traded stronger the whole day, opening the session at P51.92 against the greenback. The […] The post Peso strengthens to P51:$1 level appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 11th, 2018

Peso slightly strengthens vs dollar, touches P51 level

THE PESO slightly strengthened against the dollar on Tuesday, touching the P51 level intraday, due to weaker-than-expected jobs data in the United States. The local currency ended yesterday’s session at P52 against the dollar, two centavos stronger than the P52.02-per-greenback finish on Friday. The peso moved sideways for most of the day, opening the session […] The post Peso slightly strengthens vs dollar, touches P51 level appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 10th, 2018

Peso inches up on weak US jobs data

The peso slightly strengthened against the dollar on Tuesday, April 10, touching the P51 level intraday, due to weaker-than-expected jobs data in the US. The local currency ended Tuesday’s session at P52 against the dollar, two centavos stronger than the P52.02-per-greenback finish on Friday. The peso moved sideways the whole day, opening the session stronger […] The post Peso inches up on weak US jobs data appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Peso expected to weaken vs dollar to ₱53 by Sept. — ANZ

By Melissa Luz T. Lopez Senior Reporter THE PESO could breach the P53 level against the dollar later this year given the central bank’s reluctance to raise policy rates, ANZ Research said. ANZ sees the peso trading at P53 by September and P53.50 by year’s end. “In the case of PHP, the deterioration in the […] The post Peso expected to weaken vs dollar to ₱53 by Sept. — ANZ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 28th, 2018

Peso sinks ahead of February inflation figures

The peso weakened against the dollar on Monday, March 5, touching the P52 level anew, as market players reduced their position ahead of the February inflation data release on Tuesday, March 6. The local currency finished at P52 against the greenback on Monday, losing 10 centavos from its P51.90-per-dollar close on Friday. The peso opened […] The post Peso sinks ahead of February inflation figures appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 5th, 2018

Peso returns to P52:$1 level as investors await Powell speech

THE PESO weakened against the dollar anew on Tuesday, touching the P52 level once more, as market players remained cautious ahead of the testimony of Federal Reserve Chair Jerome H. Powell to the US Congress later in the day. The local currency finished at P52.03 against the greenback yesterday, losing 17 centavos from its P51.86-per-dollar […] The post Peso returns to P52:$1 level as investors await Powell speech appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 27th, 2018

Peso climbs back to P51:$1 level

THE PESO strengthened against the dollar on Friday to return to the P51 level as it continued to correct following its plunge on Monday. The local currency ended the week at P51.89 against the greenback, 21 centavos stronger than its P52.10 close on Thursday. The peso traded stronger the whole day, opening the session at […] The post Peso climbs back to P51:$1 level appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 24th, 2018

Peso ends week higher as correction continues

The peso strengthened anew against the dollar on Friday, Feb. 23, retreating back to the P51 level, as the local currency continued to correct following its plunge on Monday, Feb. 19. The local currency ended the week at P51.89 against the greenback yesterday, 21 centavos stronger from its P52.10 close on Wednesday and Thursday. The […] The post Peso ends week higher as correction continues appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 23rd, 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