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Peso weakens vs dollar amid rising geopolitical tensions in Europe

The peso weakened against the dollar on Tuesday, May 29, anew as geopolitical uncertainties in Europe rose. The local currency ended Tuesday’s session at P52.64 versus the greenback, down by 15 centavos from the P52.49-per-dollar finish the previous day. The peso traded weaker the whole day, opening the session declining at P52.55 against the dollar. […] The post Peso weakens vs dollar amid rising geopolitical tensions in Europe appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMay 29th, 2018

Peso weakens anew amid rising tensions in US, China, Russia

THE PESO weakened anew against the dollar on Thursday as it traded within range due to continued geopolitical tensions abroad. The local currency ended yesterday’s trading session at P52.03 against the greenback, 9.5 centavos weaker than its P51.945-per-dollar finish on Wednesday. The peso traded weaker the whole day, opening the session at P51.99. It slipped […] The post Peso weakens anew amid rising tensions in US, China, Russia appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 12th, 2018

Peso likely to weaken vs dollar as geopolitical issues continue

THE PESO is seen to inch lower this week as the dollar is expected to “firm up” amid geopolitical concerns abroad. On Friday, the peso slid to P52.33 versus the greenback from Thursday’s finish of P52.27 as rising US Treasury yields supported the dollar. Week on week, the peso also fell from its P52.19 finish […] The post Peso likely to weaken vs dollar as geopolitical issues continue appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 20th, 2018

Peso climbs amid continued overseas tensions

THE PESO strengthened against the dollar on Friday on the back of a slightly weaker dollar amid continued geopolitical tensions abroad. The local currency closed at P51.95 against the greenback, eight centavos stronger than the P52.03-per-dollar finish on Thursday. The peso opened the trading session slightly weaker at P52.04. It rose to as high as […] The post Peso climbs amid continued overseas tensions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 13th, 2018

Peso weakens on strong US inflation data

The peso weakened against the dollar on Wednesday, March 14, due to strong US inflation data amid the offshore geopolitical noise. The local currency ended Wednesday’s session at P52.07 versus the greenback, three centavos weaker than the P52.04 finish on Tuesday. The peso opened the session slightly weaker at P52.06 per dollar. Its intraday low […] The post Peso weakens on strong US inflation data appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 14th, 2018

Peso seen to move sideways vs dollar

THE PESO is seen to trade sideways this week as weaker-than-expected US inflation data keep the market doubtful of a Federal Reserve rate hike for now, but will be offset by safe-haven buying amid rising North Korea tensions. The peso on Friday rebounded to P51.39 versus the greenback due to profit taking after touching its year-to-date low […] The post Peso seen to move sideways vs dollar appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 16th, 2017

Peso down on risk-off sentiment

BW FILE PHOTO THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas. The local currency ended Tuesday’s session at P54.24 versus the greenback, 5.5 centavos lower than the P54.185-per-dollar finish last Monday. The peso opened the session slightly… link: Peso down on risk-off sentiment.....»»

Category: newsSource:  manilainformerRelated NewsOct 9th, 2018

Peso down on risk-off sentiment

THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas. The post Peso down on risk-off sentiment appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 9th, 2018

IMF cuts Philippine growth forecast for 2018 amid new challenges

BW FILE PHOTO By Elijah Joseph C. Tubayan, Reporter THE INTERNATIONAL Monetary Fund (IMF) lowered its gross domestic product (GDP) growth projection for the Philippines this year, amid downside risks from “rising inflation, continued rapid credit growth, higher US interest rates and US dollar, volatile capital flows, and trade tensions.” The IMF expects Philippine GDP… link: IMF cuts Philippine growth forecast for 2018 amid new challenges.....»»

Category: sportsSource:  abscbnRelated NewsSep 28th, 2018

IMF cuts Philippine growth forecast for 2018 amid new challenges

THE INTERNATIONAL Monetary Fund (IMF) lowered its gross domestic product (GDP) growth projection for the Philippines this year, amid downside risks from “rising inflation, continued rapid credit growth, higher US interest rates and US dollar, volatile capital flows, and trade tensions.”.....»»

Category: financeSource:  bworldonlineRelated NewsSep 28th, 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

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

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

Peso regains strength amid US-China trade tensions

The peso rebounded on Friday, June 22, as the dollar slid amid continued concerns over the trade spat between the United States and China. The peso ended Friday’s session at P53.28 against the greenback, 18 centavos stronger than the P53.46-per-dollar finish the previous day. The peso immediately regained its strength as it opened the session […] The post Peso regains strength amid US-China trade tensions appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 22nd, 2018

Hot money back to net outflow on peso, inflation worries

MORE FOREIGN FUNDS left the Philippines in May, capping two months of net inflows, amid global geopolitical tensions and higher yields in the United States, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. The post Hot money back to net outflow on peso, inflation worries appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 14th, 2018

PH debt affordability at risk as peso weakens

THE Philippines’ debt affordability metrics are at risk amid currency pressures, Moody’s Investors Service said. Countries in the Asia-Pacific region, Moody’s said in a report released over the weekend, were over the past few months particularly susceptible to currency depreciation against the dollar. The Philippines, India and Indonesia were among the most hit, the debt [...] The post PH debt affordability at risk as peso weakens appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 27th, 2018

Peso hits P52.70:$1; a new near 12-yr low

THE peso closed the week at another near 12-year low against the dollar, weighed down by geopolitical tensions and worries over a new US interest rate hike next month. The currency closed 15 centavos down at P52.70 to the dollar, its lowest since a P52.74:$1 finish on July 19, 2006. “Early today, the dollar weakened [...] The post Peso hits P52.70:$1; a new near 12-yr low appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 26th, 2018

Peso sinks to fresh low on geopolitical tensions, Fed

The Philippine peso further weakened on Friday, falling to a fresh trough amid geopolitical concerns and after the US Federal Reserve suggested that another rate hike was on the way soon......»»

Category: newsSource:  philstarRelated NewsMay 25th, 2018

Peso flat amid continued geopolitical tensions

THE PESO strengthened a tad yesterday as the market was cautious over geopolitical concerns involving US, Iran and North Korea ahead of key US economic data. The local currency closed at P52.27 versus the greenback on Thursday, gaining one-and-a-half centavos from the P52.285 close on Wednesday. The peso strengthened at the open to P52.20 per […] The post Peso flat amid continued geopolitical tensions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 17th, 2018

Peso edges lower vs dollar

THE PESO traded sideways versus the dollar yesterday as markets took a wait-and-see stance on the path of Treasury yields in the United States as well as geopolitical tensions. The local unit closed at P52.285 against the greenback, barely changed from its P52.29 finish on Tuesday. The peso opened weaker at P52.37-per-dollar and touched P52.40 […] The post Peso edges lower vs dollar appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 16th, 2018

Peso likely to weaken as dollar climbs further on positive data

THE PESO will likely weaken this week as the dollar is seen to remain “relatively strong” amid mixed US economic data as well as geopolitical concerns. On Friday, the peso dropped to P52.19 versus the greenback from Thursday’s finish of P51.80 following “dovish” remarks from the Bangko Sentral ng Pilipinas, saying the 25-basis point hike […] The post Peso likely to weaken as dollar climbs further on positive data appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018