Peso weakens as gov’t defers lockdown easing

TERM DEPOSIT yields inched up due to faster-than-expected August inflation. — PHILIPPINE STAR/ KRIZ JOHN ROSALES[/caption] THE PESO weakened further against the dollar on Wednesday after the government deferred its plan to ease quarantine measures in Metro Manila and implement granular lockdowns instead. The local currency closed at P50.11 per dollar on Wednesday, shedding 8.5 […]

Peso drops vs dollar on weak PMI 

THE PESO weakened versus the greenback on Wednesday following the release of data showing weak manufacturing activity and the country’s rising debt stock.  The local unit closed at P50.07 per dollar yesterday, shedding 31 centavos from its P49.76 finish on Tuesday, data from the Bankers Association of the Philippines showed.  The peso opened Wednesday’s session […]

Peso climbs versus dollar

THE PESO strengthened versus the greenback on Tuesday on the back of an expected slowdown in economic activity following the extension of strict restriction measures in Metro Manila and the dovish tone of the US Federal Reserve during last week’s Jackson Hole symposium. The local unit closed at P49.76 per dollar, gaining 19.5 centavos from […]

Peso may rise vs dollar in volatile trade

THE PESO may climb versus the dollar amid a likely volatile market. — BW FILE PHOTO THE PESO may appreciate further versus the dollar this week amid continued volatility due to the extended lockdown and rising coronavirus disease 2019 (COVID-19) infections. On Friday, the local unit ended at P50.37 per dollar, gaining 18 centavos from […]

Peso climbs vs dollar ahead of CPI

THE PESO strengthened against the greenback on Monday on the back of market expectations of slower July inflation and gains in the stock market. The local unit closed at P49.90 per dollar yesterday, gaining seven centavos from its P49.97 finish on Friday, based on data from the Bankers Association of the Philippines. The peso started […]