THE PESO may weaken against the dollar this week as the market expects a big rate hike from the Bangko Sentral ng Pilipinas (BSP) after headline inflation surged in January. The local unit closed at P54.42 per dollar on Friday, strengthening by three centavos from its P54.45 finish on Thursday, data from the Bankers Association […]
Tag: friday
Peso may climb further vs dollar on dovish Fed, retail bond offer
THE PESO may strengthen this week after the US Federal Reserve delivered a smaller rate hike and with the government set to begin its retail Treasury bond (RTB) offer. The local unit closed at P53.68 a dollar on Friday, strengthening by 16.50 centavos from its P53.845 finish on Thursday, data from the Bankers Association of […]
Peso may climb due to broad dollar weakness
THE PESO may strengthen this week amid the dollar’s sustained weakness and ahead of the US Federal Reserve’s policy meeting. The local unit closed at P54.47 per dollar on Friday, weakening by seven centavos from its P54.40 finish on Thursday, data from the Bankers Association of the Philippines’ website showed. Week on week, the peso […]
Peso may rise vs dollar on US CPI data
THE PESO is expected to continue rising against the dollar this week as investors price in US consumer inflation data that bolstered hopes of smaller rate hikes from the US Federal Reserve. The local unit closed at P54.89 per dollar on Friday, strengthening by 40 centavos from its P55.29 finish on Thursday, Bankers Association of […]
Peso may move sideways amid data releases
THE PESO may move sideways against the dollar this week, with the market to monitor data at home and in the United States for leads. The local unit closed at P55.64 per dollar on Friday, strengthening by 11 centavos from its P55.75 finish on Thursday, Bankers Association of the Philippines data showed. Week on week, […]
PHL shares dip on rate fears, Wall Street decline
LOCAL shares snapped out of their rally on Friday mirroring Wall Street’s decline on Thursday amid fears that central banks’ rate hikes could lead to an economic downturn. The bellwether Philippine Stock Exchange index (PSEi) declined by 35.91 points or 0.54% to close at 6,541.03 on Friday, while the broader all-shares index lost 9.79 points […]
Peso likely to move sideways on rate hike bets
THE PESO is expected to move sideways against the dollar this week as both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) are likely to continue hiking rates to bring down inflation. The local unit closed at P55.56 per dollar on Friday, rising by 12.5 centavos from its P55.685 finish on Thursday, […]
Peso may continue to strengthen against the dollar ahead of key data
THE PESO is expected to strengthen versus the dollar this week ahead of the release of the latest Philippine manufacturing data and expectations of easing inflation. The local unit closed at P56.67 per dollar on Friday, strengthening by 11 centavos from its P56.78 finish on Thursday. Week on week, the peso appreciated by 59 centavos […]
Inflation hovers over shoppers heading into Black Friday
BLACK Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on consumers. Elevated prices for food, rent, gasoline and other household costs have taken a toll on shoppers. As a result, many are reluctant to spend unless there is a big sale and are more selective with what they will buy […]
Peso seen to strengthen vs dollar ahead of central bank’s meeting
THE PESO may climb further against the dollar this week as the market expects the Bangko Sentral ng Pilipinas to hike benchmark interest rates aggressively. — BW FILE PHOTO THE PESO may continue to strengthen against the dollar this week as the Bangko Sentral ng Pilipinas (BSP) is expected to hike borrowing costs aggressively on […]
Shares end lower on profit taking ahead of break
LOCAL SHARES ended in negative territory last week as investors booked gains ahead of the long weekend and on data showing more “hot money” left the country in September. The 30-member Philippine Stock Exchange index (PSEi) declined by 77.15 points or 1.23% to finish at 6,153.43 on Friday, while the broader all shares index went […]
PHL shares inch up to track Wall Street’s rebound
PHILIPPINE SHARES inched up on Monday to track Wall Street’s rebound amid dovish comments from a US Federal Reserve official. The bellwether Philippine Stock Exchange index (PSEi) gained 45.23 points or 0.75% to end at 6,028.79 on Monday, while the broader all shares index went up by 21.63 points or 0.67% to close at 3,216.67. […]
Peso ends at record low vs dollar on hawkish Fed comments
THE PESO on Monday ended at its record low against the dollar for the fourth time this month amid hawkish comments from US monetary policy makers. — BW FILE PHOTO THE PESO on Monday closed at its record low versus the dollar for the fourth time this month after US Federal Reserve officials said the […]
Peso may decline ahead of US data
THE PESO may weaken this week as the dollar continues to strengthen, with the US Federal Reserve chief saying they are committed to keeping inflation low and ahead the release of August US consumer price index (CPI) data. The local unit closed at P56.82 per dollar on Friday, rebounding by 36 centavos from its P57.18 […]
Shares drop on profit taking, track Wall Street
STOCKS fell on Monday as investors pocketed their gains from last week’s rally amid a weaker peso and following Wall Street decline on Friday. The Philippine Stock Exchange index (PSEi) slumped by 159.45 points or 2.32% to close at 6,704.41 on Monday, while the broader all shares index went down by 57.64 points or 1.58% […]
PSEi inches higher following Wall Street’s rally
PHILIPPINE STOCKS closed higher on Monday to track Wall Street’s rally on Friday as data showing a slowdown in consumer and producer prices in July boosted hopes that US inflation has peaked. The bellwether Philippine Stock Exchange index (PSEi) went up by 38.18 points or 0.57% to close at 6,737.84 on Monday, while the broader […]
Prada navigates tricky COVID curbs to hold Beijing show
BEIJING/SHANGHAI — Prada on Friday became the first major luxury house to host a show in China this year, navigating strict COVID curbs to send models down a catwalk in a historic Beijing mansion hotel, a move aimed at underscoring its commitment to the market. Livestreamed on multiple online platforms including Weibo, more than 400 […]
Peso may rebound vs dollar as BSP turns hawkish
THE PESO may rebound versus the dollar this week on hawkish remarks from the Bangko Sentral ng Pilipinas (BSP) chief following the surprise rate increase on Thursday. The local unit closed at P56.36 per dollar on Friday, depreciating 21 centavos from its P56.15 finish on Thursday, based on Bankers Association of the Philippines data. The […]
Peso may weaken further vs dollar
THE PESO may continue to weaken versus the greenback this week on safe-haven demand due to fears of a global economic slowdown and expectations of further aggressive action from the US central bank. The local unit finished at P55.92 per dollar on Friday, rebounding by 14 centavos from its P56.06 close on Thursday, data from […]
PH shares soar as peso further weakens
PHILIPPINE shares climbed on Friday but the peso continued to weaken against the US dollar.Philippine shares rose to 6,217.56 after gaining 152.33 points or 2.51 percent.Meanwhile, the peso weakened further, closing at P54.839 against the US dollar on Friday from its previous close of P54.49, data from the Bankers Association of the Philippines showed.Shares were […]