THE PESO depreciated versus the greenback on Monday as players remained cautious after the US Federal Reserve hinted at a possible tightening of its easy monetary policy. The local unit closed at P48.695 per dollar on Monday, sinking by 26.5 centavos from its P48.43 finish on Friday, based on data from the Bankers Association of […]
Tag: peso
Peso down ahead of decision on quarantine measures
THE PESO depreciated versus the greenback on Monday ahead of the government’s decision on lockdown measures for the rest of the month. The local unit ended at P47.89 per dollar on Monday, sinking by 19 centavos from its P47.70 close on Friday, data from the Bankers Association of the Philippines showed. The peso opened Monday’s […]
Rediscount facility untapped for eighth month in a row
BANKS DID NOT avail of the central bank’s rediscount facility in May, reflecting ample liquidity in the financial system. “There are no availments under the Peso Rediscount Facility and the Exporters’ Dollar and Yen Rediscount Facility (EDYRF) covering the period Jan. 1 to May 31,” the Bangko Sentral ng Pilipinas (BSP) said in a statement. […]
Peso may weaken vs dollar on new COVID-19 variants
THE PESO may weaken against the dollar this month on the emergence of new variants of the coronavirus disease 2019. — BW FILE PHOTO THE PESO could depreciate versus the greenback this month after posting gains in May as new coronavirus disease 2019 (COVID-19) variants cloud the country’s economic outlook, MUFG Global Research said on […]
Peso drops further on foreign outflows
THE PESO dropped further against the greenback on Wednesday as foreigners exited the local stock market and on expectations of improved US data, which could hasten the US Federal Reserve’s policy tightening. The local unit closed at P48.15 versus the dollar on Wednesday, weakening by 1.5 centavos from Tuesday’s finish of P48.135, data from the […]
Peso weakens after pickup in infrastructure spending
THE PESO weakened Friday after a pickup in infrastructure spending was taken by traders to mean an increase in dollar outflows stemming from expanded imports of raw materials and capital equipment. The peso closed at P47.945 against the dollar Friday, against the Thursday finish of P47.94, according to the Bankers Association of the Philippines. Week-on-week, the peso retreated from its P47.81 close on May 14. The peso opened Friday at P47.85. The low was P47.93, while the high […]
Peso moves sideways ahead of BSP decision
THE PESO ended flat on Wednesday as traders stayed on the sidelines ahead of the central bank’s policy meeting later in the day. The local currency closed at P47.815 versus the dollar on Wednesday, barely changed from Tuesday’s P47.81 finish, data from the Bankers Association of the Philippines’ website showed. The peso opened at P47.80 […]
Peso rises on sluggish import prospects after weak Q1 GDP data
THE PESO strengthened versus the greenback on Tuesday despite data showing the economy continued to contract in the first quarter. The local unit closed at P47.81 per dollar on Tuesday, appreciating by 5.5 centavos from its P47.865 finish on Monday, data from the Bankers Association of the Philippines showed. The peso opened Tuesday’s trading session […]
Peso ends flat vs dollar
THE PESO moved sideways versus the greenback on Monday as investors took a wait-and-see stance ahead of the release of the first-quarter gross domestic product (GDP) data. The local unit closed at P47.865 per dollar on Monday, inching down from its P47.855 finish on Friday, based on data from the Bankers Association of the Philippines. […]
Peso climbs on PMI data
THE PESO appreciated against the greenback on Monday after data showed factory activity deteriorated in April because of the renewed lockdown. The local unit closed at P48.05 per dollar on Monday, up by five centavos from its P48.10-a-dollar finish on Friday, based on the data from the Bankers Association of the Philippines. The peso opened […]
Peso inches up vs dollar ahead of Fed meeting
THE PESO barely moved versus the dollar on Tuesday as investors waited for the US central bank’s latest policy decision. — BW FILE PHOTO THE PESO ended almost flat against the greenback on Tuesday as the market waits for new signals from the US Federal Reserve’s policy meeting. The local unit closed at P48.381 per […]
Peso inches down ahead of US data
THE PESO moved sideways versus the greenback on Monday, with investors staying on the sidelines ahead of key US data. The local unit closed at P48.39 per dollar, slipping from its P48.381 close on Friday, data from the Bankers Association of the Philippines showed. The peso opened Monday’s session at P48.32 against the dollar. Its […]
Peso retreats on stock market’s losses
THE PESO weakened against the greenback on Wednesday on risk-off sentiment amid losses in the local stock market and the fresh surge in coronavirus cases here and abroad. The local unit closed at P48.45 per dollar on Wednesday, depreciating by 13 centavos from its P48.32 finish on Tuesday, data from the Bankers Association of the […]
Peso weakens as virus infections continue surge
THE PESO depreciated against the dollar on Wednesday as market players remained cautious amid a fresh surge in coronavirus infections and before the central bank’s policy meeting. It closed at P48.665 a dollar, weaker than its P48.631 close on Tuesday, according to data posted on the Bankers Association of the Philippines website. The peso started […]
Peso weakens on expectations of faster inflation
THE PESO weakened versus the greenback on Thursday on expectations that February inflation data to be released on Friday would be faster than last month’s print. The local unit closed at P48.62 per dollar on Thursday, retreating by 14 centavos from its P48.48 finish on Wednesday, data from the Bankers Association of the Philippines showed. […]
Peso strengthens against the dollar as gov’t anticipates arrival of more vaccines
THE PESO strengthened further against the greenback on Wednesday following the government’s announcement that AstraZeneca vaccines will arrive in the country on Thursday. The local unit closed at P48.48 versus the dollar on Wednesday, gaining 8.5 centavos from its previous finish of P48.565, based on data from the Bankers Association of the Philippines’ website. The […]
Peso drops to P48:$1 level as oil prices climb
THE PESO returned to the P48-per-dollar level on Tuesday amid rising oil prices and bargain hunting by investors. The local unit closed at P48.25 versus the dollar on Tuesday, sinking by 32 centavos from its Monday finish of P47.93 against the greenback, data from the Bankers Association of the Philippines showed. The peso opened the […]
Philippine peso is 47.8% undervalued against the US dollar
Peso slips vs dollar
THE PESO weakened against the greenback on Monday as the market repositioned ahead of US President-elect Joseph R. Biden.’s first day in office. The local currency inched down by one centavo to P48.075 versus the dollar on Monday from its P48.065 finish on Friday, based on the data from the Bankers Association of the Philippines. […]