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 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 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 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 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. […]