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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

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

Peso closes at P50 to $1, hits lowest in 10 years

MANILA, Philippines — The pesos closed at P50 to a dollar on Friday, dipping to its lowest level in a decade due to strong corporate demand for the greenback.....»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2017

Broken

When the Philippine peso slumped to its lowest value in seven years to P48.41 to a US dollar last Monday, I was a bit worried......»»

Category: newsSource:  philstarRelated NewsOct 2nd, 2016

Peso hits P53.48:$1

Monetary policy differences, US-China trade spat blamed Monetary policy “divergences” and renewed trade tensions between the United States and China pulled the Philippine peso to a fresh 12-year low of P53.48 against the dollar on Monday. The currency closed 21 centavos down from P53.27:$1 last Thursday, its lowest since a P53.55:$1 finish on June 29, [...] The post Peso hits P53.48:$1 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 18th, 2018

Peso sinks to its weakest in 12 years

Peso sinks to its weakest in 12 years.....»»

Category: newsSource:  cnnphilippinesRelated NewsJun 14th, 2018

Peso falls to 12-year low

INQUIRER.net FILE PHOTO The peso fell to its weakest level in 12 years on Wednesday as traders digested dovish statements of Bangko Sentral ng Pilipinas officials that made financial markets uncert.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 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

WORLD CUP: Russia on abject form for home World Cup

  MOSCOW --- Russia goes into its home World Cup with expectations at rock bottom. It's the lowest-ranked team in the tournament, according to FIFA, but has a comparatively easy group. When Russia won the right to host the World Cup eight years ago, the team glowed with potential after reaching the semifinals at the 2008 European Championship. It goes to the World Cup on a seven-game winless run. Despite having the largest population in Europe and a rich football history, Russia remains a sleeping giant. Coach Stanislav Cherchesov is taking the blame for poor results. "I'm no psychologist, to go around calming people down," he said after another disappointing 1-1 fri...Keep on reading: WORLD CUP: Russia on abject form for home World Cup.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

Peso nears P53:$1, hits fresh 12-yr low

THE peso weakened to a new 12-year low against the dollar on Monday, weighed down by geopolitical developments and worries over an expected US interest rate increase announcement. The currency closed 25 centavos down at P52.95:$1, its lowest since a P52.98:$1 finish on July 3, 2006. Land Bank of the Philippines market economist Guian Angelo Dumalagan and Bank [...] The post Peso nears P53:$1, hits fresh 12-yr low appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 12th, 2018

Peso nears P53:$1, hits fresh 12-yr low

THE peso weakened to a new 12-year low against the dollar on Monday, weighed down by geopolitical developments and worries over an expected US interest rate increase announcement. The currency closed 25 centavos down at P52.95:$1, its lowest since a P52.98:$1 finish on July 3, 2006. Land Bank of the Philippines market economist Guian Angelo Dumalagan and Bank… link: Peso nears P53:$1, hits fresh 12-yr low.....»»

Category: newsSource:  manilainformerRelated NewsJun 11th, 2018

Trade remains a drag in April as exports drop to lowest level in nearly 2 years

THE country’s trade deficit expanded in April on account of declining merchandise exports and a double-digit surge in inbound shipments, the government reported on Friday. The post Trade remains a drag in April as exports drop to lowest level in nearly 2 years appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 10th, 2018

FDI pledges drop 37.9% in first quarter

APPROVED foreign investment pledges fell to their lowest level in nearly eight years last quarter in the face of external developments and uncertainties due to planned changes to the corporate income tax and incentives schemes. The post FDI pledges drop 37.9% in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 8th, 2018