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Peso pierces 53:$1, lowest in 12 years

The peso pierced the 53 to $1 resistance level yesterday, closing at a new 12-year low as traders braced for widely expected policy rate increase of the US Federal Reserve......»»

Category: financeSource: philstar philstarJun 13th, 2018

Peso pierces 51:$1, ends at 11-year low

MANILA, Philippines - The peso weakened anew against the dollar yesterday to close at its lowest in 11 years amid the threat of war between the US and North.....»»

Category: financeSource:  philstarRelated NewsAug 14th, 2017

Peso hits 13-year low anew

The peso weakened anew to the lowest level in almost 13 years, giving up 19 centavos at the start of the trading week amid the impending rate hikes by the US and Philippine central banks as well as worsening trade tension between the US and China......»»

Category: financeSource:  philstarRelated NewsSep 25th, 2018

Peso falls below 54:$1

The value of the peso dropped past 54 to a dollar on Wednesday--the lowest in almost 13 years--as sentiment toward the currency remained bearish due to an ongoing rout against emerging market curre.....»»

Category: newsSource:  philippinetimesRelated NewsSep 14th, 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

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

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

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

Despite…there’s still some good news

There is just so much going on in our country. Our economy is in the doldrums, the peso is at its lowest in 10 years, criminals are getting bolder, shooting down mayors in cold blood......»»

Category: financeSource:  philstarRelated NewsJul 7th, 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

Gross reserves drop to lowest level in nearly seven years

THE country’s gross international reserves (GIR) continued to decline to the lowest level in about seven years, as the central bank still intervened in the foreign exchange market amid a depreciating peso. The Bangko Sentral ng Pilipinas (BSP) reported on Friday, July 6, that the GIR declined 1.92% to $77.675 billion in June, from the […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 6th, 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 sinks to weakest in 12 years

The peso retreated yesterday, closing to its lowest in almost 12 years at 52.95 to $1 due to uncertainties caused by the recent developments in the G7 meeting, analysts said......»»

Category: financeSource:  philstarRelated NewsJun 11th, 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 touches 51: $1, lowest in 11 years

MANILA, Philippines - The peso touched the 51 to $1 level anew and lost 18 centavos yesterday to close at its lowest level in 11 years as tensions ramped up.....»»

Category: financeSource:  philstarRelated NewsAug 11th, 2017

Peso weakness – good or bad?

Last week, the Philippine peso touched 50.82, its lowest level in 11 years......»»

Category: financeSource:  philstarRelated NewsJul 16th, 2017

Peso retreats anew to near 11-year low

MANILA, Philippines -  The peso retreated anew yesterday to its lowest level in nearly 11 years due to high demand mostly from importers, analysts said......»»

Category: financeSource:  philstarRelated NewsJul 5th, 2017

Peso ends at 50.53:$1, lowest in over 10 years

MANILA, Philippines - The peso continued to weaken against the dollar yesterday ahead of the release of US gross domestic product (GDP) growth data, analysts.....»»

Category: financeSource:  philstarRelated NewsJun 29th, 2017

Peso closes at P50-per-dollar, lowest in more than 10 years

THE PESO on Friday closed at P50 against the US dollar, dropping to its lowest level in more than a decade due to strong demand from corporates, and persisting uncertainty over the timing of the US Federal Reserve's interest rate hikes and US President Donald J. Trump's plans......»»

Category: newsSource:  bworldonlineRelated NewsFeb 18th, 2017