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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

Philippine peso dips to fresh 13-year low, bloodbath at PSE

MANILA, Philippines – The Philippine peso continued to weaken, closing at P54.31 against the United States dollar on Tuesday, September 25. The local currency was weaker from the P54.23 closing level on Monday, September 24. Tuesday's level was also the weakest since the peso closed at P54.42 against the greenback ........»»

Category: newsSource:  rapplerRelated NewsSep 26th, 2018

Peso weakens versus dollar

THE PESO weakened against the dollar on Monday as it slipped back to the P54 level due to the continued trade spat between the United States and China and amid stronger-than-expected remittance growth. The post Peso weakens versus dollar appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 17th, 2018

Current account gap hits $3.1B

The Philippine economy spent substantially more than what it earned through foreign trade in the first half of 2018, with the resulting currency outflows further depressing the value of the peso against the US dollar. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the country's current account posted a deficit of $3.1 billion in the first six months of the year. This was markedly higher than the $133-million deficit recorded in the same period in 2017. At this level, the current account---which tallies the country's trade surplus of gap with the rest of the world---already hit the $3.1-billion full year target of the central bank only halfway into 2018. "This outcome...Keep on reading: Current account gap hits $3.1B.....»»

Category: newsSource:  inquirerRelated NewsSep 15th, 2018

Peso up 10 centavos, returns to P53:$1 level

THE peso returned to the P53:$1 level on Friday, recovering slightly against the greenback on the back of weaker-than-expected United States inflation. The currency opened at P54.02:$1 and rose to as high P53.96 during the day. It closed at P53.97 per dollar, up 10 centavos from Thursday. “The peso appreciated today (Friday) due to weaker-than-expected August 2018 US inflation, which came in [...] The post Peso up 10 centavos, returns to P53:$1 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 14th, 2018

Peso nears P54:$1; PSEi extends slump

The peso moved closer to entering P54:$1 territory and the stock market dropped for a fifth straight day on Tuesday, weighed down by continued emerging market concerns and worries about the domestic economy. The currency weakened to as much as P53.97 against the US dollar during the day but trimmed the loss to six centavos [...] The post Peso nears P54:$1; PSEi extends slump appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 11th, 2018

Peso nears 54:$1 mark

The peso continues to flirt with the 54 to $1 level, shedding another six centavos to close at its lowest level in almost 13 years on concerns about the worsening trade war between the US and China, emerging market contagion as well as the widening trade gap and runaway inflation on the domestic front......»»

Category: financeSource:  philstarRelated NewsSep 11th, 2018

BSP warns currency speculators, re-actives CRRP

By Elijah Joseph C. Tubayan, Reporter THE Bangko Sentral ng Pilipinas (BSP) on Friday warned currency speculators, saying it will “take all actions necessary to deal with speculative activity by market participants,” as the peso hit its lowest level against the US dollar in more than 12 years. At the same time, BSP Governor Nestor… link: BSP warns currency speculators, re-actives CRRP.....»»

Category: newsSource:  manilainformerRelated NewsSep 7th, 2018

As peso drops to 13-yr low, PH growth may take a hit

The peso dropped anew to its lowest level in almost 13 years as investors fled to dollar assets, spooked by the country's record high inflation for August and aggravated by a broad emerging ma.....»»

Category: newsSource:  philippinetimesRelated NewsSep 7th, 2018

Peso nearly hits P54:$1 level in morning trade

The Philippine peso on Friday almost touched the P54-per-dollar level in morning trade as investors flee riskier markets amid concerns about rising domestic inflation and contagion from emerging markets, among others......»»

Category: financeSource:  philstarRelated NewsSep 7th, 2018

BSP warns currency speculators, re-actives CRRP

THE Bangko Sentral ng Pilipinas (BSP) on Friday warned currency speculators, saying it will “take all actions necessary to deal with speculative activity by market participants,” as the peso hit its lowest level against the US dollar in more than 12 years. The post BSP warns currency speculators, re-actives CRRP appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 7th, 2018

Peso nearly hits P54:$1 level in morning trade

The Philippine peso on Friday almost touched the P54-per-dollar level in morning trade as investors flee riskier markets amid concerns about rising domestic inflation and contagion from emerging markets, among others. Source link link: Peso nearly hits P54:$1 level in morning trade.....»»

Category: newsSource:  manilainformerRelated NewsSep 7th, 2018

Amid emerging markets rout, peso slides to 13-year low - the biggest drop in the region

The peso dropped anew to its lowest level in almost 13 years as investors fled to dollar assets, spooked by the country's record high inflation for August and aggravated by a broad emerging ma.....»»

Category: newsSource:  philippinetimesRelated NewsSep 7th, 2018

Peso books slight gains vs dollar ahead of low-level US-China talks

THE PESO strengthened slightly against the dollar on Monday as markets await the minutes of the latest meeting of the US Federal Reserve and trade talks between Washington and Beijing. The post Peso books slight gains vs dollar ahead of low-level US-China talks appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 20th, 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