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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 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

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