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. […]
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Peso weakens vs the dollar as UK, euro zone data spark recession fears
THE PESO weakened against the dollar on Wednesday amid weaker manufacturing data in Europe that roused fears of a global recession. The local currency closed at P54.63 versus the greenback on Wednesday, dropping by 19.5 centavos from Tuesday’s P54.435 finish, data from the Bankers Association of the Philippines showed. The peso opened Wednesday’s trading session […]
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 weakens vs dollar ahead of US inflation data
THE PESO weakened against the dollar ahead of the release of December US consumer price index (CPI) data and after the Bangko Sentral ng Pilipinas (BSP) chief said they could cut banks’ reserve requirement ratio (RRR) this year. The local currency closed at P55.29 versus the greenback on Thursday, dropping by 49 centavos from Wednesday’s […]
Peso declines on Fed worries
THE PESO ended weaker against the dollar on Monday following hawkish signals from the US central bank, and as renewed coronavirus worries spurred safe-haven demand. The local unit closed at P57.36 versus the dollar on Monday, down by 10 centavos from its P57.26 finish on Friday, data from the Bankers Association of the Philippines’ website […]
Peso closes at P57.48 a dollar
THE PESO weakened versus the dollar on Tuesday as market players expect the US Federal Reserve to remain aggressive in its meeting this week. The local unit closed at a new all-time low of P57.48 against the greenback on Tuesday, losing eight centavos from its P57.40 finish on Monday, Bankers Association of the Philippines data […]
Peso plunges to new record low at P57.43 to $1
THE Philippine peso plunged to a new all-time low after closing at P57.43 against the US dollar on Friday, Sept. 16, 2022, data from the Bankers Association of the Philippines (Bap) showed.The peso weakened to as low as P57.44 in intraday trading.The previous historic low was P57.18 recorded on Sept. 8.The peso continues to weaken […]
Peso weakens vs dollar ahead of Fed minutes, central bank meet
THE PESO retreated versus the greenback on Wednesday as market players expect the US Federal Reserve to remain hawkish to keep rising prices under control. The local unit closed at P55.86 per dollar on Wednesday, depreciating by three centavos from its P55.83 finish on Tuesday, based on data from the Bankers Association of the Philippines. […]
Peso drops vs dollar as oil prices climb
THE PESO weakened against the dollar on Monday as rising oil prices fueled inflation fears. — BW FILE PHOTO THE PESO weakened on Monday due to investor preference for the safe-haven dollar on inflation concerns as oil prices climbed further. The local unit closed at P50.80 per dollar on Monday, depreciating by 22 centavos from […]
Peso sinks to P50:$1 level ahead of Fed meet
THE PESO weakened on Monday due to safe-haven demand for the dollar ahead of the US Federal Reserve’s policy review this week. The peso closed at P50.24 per dollar on Monday, shedding 29 centavos from its P49.95 finish on Friday, based on data from the Bankers Association of the Philippines. This was the peso’s weakest […]
Peso drops on hawkish Fed comments
THE PESO weakened versus the greenback on Wednesday following hawkish signals from the US Federal Reserve. The local unit closed at P50.43 per dollar, shedding 2.9 centavos from its P50.401 finish on Tuesday, based on data from the Bankers Association of the Philippines. The peso opened Wednesday’s session at P50.37 per dollar. Its intraday best […]
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 […]