Peso drops ahead of US CPI report

THE PESO weakened against the dollar on Tuesday as the market was cautious ahead of the release of the January US consumer price index (CPI) report overnight. The local currency closed at P54.83 versus the greenback on Tuesday, declining by seven centavos from Monday’s P54.76 finish, Bankers Association of the Philippines data showed. The peso […]

Peso down vs dollar on strong job data

THE PESO slumped against the dollar on Monday following the release of stronger-than-expected US labor data. The local currency closed at P54.39 versus the greenback on Monday, declining by 71 centavos from Friday’s P53.68 finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s trading session at P54.15 per dollar. Its […]

Peso rebounds vs dollar as US data support bets of less hawkish FOMC

THE PESO rebounded against the dollar on Wednesday as slower US employment and housing data supported expectations of a less hawkish policy stance by the Federal Reserve. The local currency closed at P54.475 versus the greenback on Wednesday, appreciating by 16.5 centavos from Tuesday’s P54.64 finish, data from the Bankers Association of the Philippines’ website […]

Peso weakens vs dollar

THE PESO weakened against the dollar on Monday after China’s cabinet pledged support for the economy’s recovery. The local currency closed at P54.545 versus the greenback on Monday, declining by 7.5 centavos from Friday’s P54.47 finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s trading session at P54.55 per dollar. […]

Peso seen to move sideways vs dollar

THE PESO may continue to move sideways this week as investors await the US Federal Reserve’s next move. The local unit closed at P54.54 per dollar on Friday, strengthening by nine centavos from its P54.63 finish on Thursday, Bankers Association of the Philippines data showed. Week on week, the peso strengthened by 35 centavos from […]

Peso weakens on China GDP data

THE PESO declined against the dollar on Tuesday as economic growth in China was stronger than expected in the fourth quarter, boosting the greenback and global oil prices. The local currency closed at P54.82 versus the greenback on Tuesday, declining by 24.50 centavos from Monday’s P54.575 finish, data from the Bankers Association of the Philippines […]

Peso slips vs dollar on mixed data

THE PESO slipped against the dollar on Tuesday amid reduced flows after the holidays and mixed economic data. The local currency closed at P55.79 versus the greenback on Tuesday, inching down by 3.5 centavos from Dec. 29’s close of P55.755, data from the Bankers Association of the Philippines showed. The peso opened Tuesday’s trading session […]