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Fixed exchange rate ‘dangerous’ for PHL economy, BSP chief says

THE BANGKO SENTRAL ng Pilipinas (BSP) will not opt to set a fixed exchange rate for the peso, with its chief calling it a “dangerous” move for the economy.

Trump’s Fed comments dent dollar

London, United Kingdom -- The dollar fell versus the euro and yen Tuesday after US President Donald Trump hit out at the Federal Reserve's...

Peso expected to weaken on possible Fed hawkish stance

The peso is seen to weaken against the dollar for the rest of the week as investors expect the minutes of the latest meeting...

Peso weakens vs dollar

The peso slipped versus the dollar on Friday, Aug. 10, to its weakest in a week, as investors await the turnout of key economic...

Things are looking up for the Philippine peso

Things are looking up for the Philippine peso after it suffered one of the biggest losses in the region in the first half of...

Peso gains slightly on lingering trade war concerns

The peso strengthened slightly on Monday, July 23, as the dollar weakened amid sustained concerns over the the trade spat between the United States...

Emerging markets at mercy of falling yuan as currency war looms

China’s yuan is back at the top of emerging-market investor worries as the deepening standoff between the U.S. and China over trade threatens to...

Peso slightly firms up on BSP’s hint of August rate hike

The peso strengthened against the dollar on Friday, July 20, after the local central bank hinted at another interest rate hike during its next...

Peso gains slightly vs dollar after US jobs report

The peso strengthened a tad against the dollar on Monday, July 9, following the release of unemployment data in the United States last Friday. The...

Peso ends the week flat after Fed minutes released

The peso ended flat against the dollar on Friday, July 6, after the release of the minutes of the June meeting of the US...

Southeast Asia diverges on rate policy as currency rout deepens

Southeast Asia’s central bankers are taking diverging policy stances even as their economies get slammed by the same headwinds. Dollar strength, higher oil prices, and...

RCBC unveils online forex trading platform

Rizal Commercial Banking Corp. (RCBC) has launched an online platform allowing its clients to buy and sell local and foreign currencies. In a statement Wednesday,...

Peso weakens vs dollar as trade war fears linger

The peso declined against the dollar on Monday, June 25, as the market is still concerned over the trade tensions between the United States...

Peso regains strength amid US-China trade tensions

The peso rebounded on Friday, June 22, as the dollar slid amid continued concerns over the trade spat between the United States and China. The...

Second rate hike may not be enough to help markets

WHILE the Bangko Sentral ng Pilipinas increased its benchmark interest rate for a second month on Wednesday, the action may not be enough to help lift Asia’s worst-performing market, according to some analysts.

Peso strengthens on BSP policy rates decision

The peso strengthened a tad against the dollar on Thursday, June 21, following the local central bank's decision to raise its interest rates. The peso...

Peso slides on renewed trade war fears

The peso slid against the dollar anew on Wednesday as investors were still wary about the trade tension overseas amid the decision of the...

Argentina to sell up to $7.5 billion from IMF in FX...

Argentina plans to sell as much as $7.5 billion in the foreign exchange market to support budget expenditures once it gets access to a...

BSP looks at further easing of FX rules

WORK is under way for fresh easing of foreign exchange restrictions, with changes being prepared by the central bank meant to simplify the entry and withdrawal of investments.

Peso gains on dollar weakness

The peso strengthened anew on Wednesday, June 6, as the dollar slipped due to the stronger euro and ahead of the US trade balance...

Peso strengthens on inflation data

The peso strengthened against the dollar on Tuesday, June 5,  following the slower-than-expected inflation print in May. The local unit closed the session at P52.40...

Peso ends higher as overseas tensions ease

The peso rebounded against the dollar on Thursday anew as political tensions abroad eased. The local unit ended the session at P52.52 against the dollar,...

India, Indonesia among Asia’s most debt risky nations

THE PHILIPPINE Institute for Development Studies (PIDS) wants to broaden the level of transparency in the government's foreign investment negative list.

Peso weakens vs dollar amid rising geopolitical tensions in Europe

The peso weakened against the dollar on Tuesday, May 29, anew as geopolitical uncertainties in Europe rose. The local currency ended Tuesday's session at P52.64...

Peso firms up against dollar on profit taking

The peso regained strength against the dollar on Monday, May 28, as investors took profits following the local currency's near-12-year low last week. The peso...

Peso hits new 12-year low amid trimmed bank reserve requirement, Korea...

The peso dipped against the dollar, recording a new near 12-year low on Friday following the reserve requirement cut of the local central bank. The...

Peso slides further after release of Fed minutes

The peso dipped against the dollar on Thursday, May 24, following the release of the minutes of the US Federal Reserve's May policy meeting. The...

Peso plunges to new low ahead of ‘likely hawkish’ Fed minutes

The peso plunged against the dollar anew on Wednesday, May 23, on the back of President Donald J. Trump's statement on the trade talks...

Peso rebounds on profit taking

The peso bounced back against the dollar on Tuesday, May 22, due to profit-taking following the local currency's closing in its near 12-year low. The...

Beyond the dollar everything’s ‘just noise’ for emerging markets

As if emerging-market investors didn’t have enough to worry about -- with political flare-ups and central-bank surprises galore -- the dollar’s strength is poised...

IMF says will move quickly on Argentina loan; no details yet

Washington -- The International Monetary Fund will move quickly to agree on a loan program to support Argentina but there are no details yet...

Peso dips as trade war tensions subside

THE PESO weakened on Tuesday, May 15, over indications of easing US and China relations after US President Donald J. Trump's pronouncements on extending...

Peso seen to weaken as dollar strengthens on mixed data

The peso will likely weaken this week as the dollar is seen to remain "relatively strong" amid mixed data. On Friday, May 11, the peso...

Peso weakens on central bank’s ‘dovish’ remarks

The peso weakened against the dollar on Friday, May 11, following the "dovish" remarks from the Bangko Sentral ng Pilipinas (BSP). The peso closed the...

Peso tracks weakness of other currencies’ vs dollar

The peso slipped on Wednesday, May 9, retreating to the P52 level, as the dollar strengthened across a band of currencies and amid the...

Peso inches up as investors await BSP policy meeting

The peso inched higher against the dollar on Tuesday, May 8, ahead of the local monetary policy meeting as well as inflation data in...

Peso ends the week flat as inflation accelerates

The peso moved sideways against the dollar on Friday, May 4, following the faster inflation print in April. The local currency ended at P51.675 versus...

China is weakening its currency before US trade talks begin

China weakened its daily currency fixing by more than traders and analysts had expected before high-ranking US officials arrive in the country to discuss...

Peso strengthens on positive PHL economic outlook

The peso surged to its nearly three-month high against the dollar on Monday, April 30, following the upgraded economic outlook for the Philippines given...

Peso weakens vs dollar amid higher US Treasury yields

The peso sank to a one-month low on Tuesday, April 24, as the dollar strengthened on the back of higher US Treasury yields. The local...

Dollar advances as Treasury yields flirt with 3%

The dollar rallied at the start of a week packed with catalysts, from economic data to new debt supply, as the yield on benchmark...

Peso declines as trade war tensions cool

The peso plunged to a one-month low on Monday, April 23, as the dollar gained strength, propped up by rising bond yields in the...

Peso ends the week flat amid lack of leads

The peso moved sideways on Friday, April 20, generally unchanged from the previous day’s level due to lack of leads. The local unit ended the...

Peso dips after Philippine stocks plummet

The peso weakened against the dollar on Thursday, April 19, as the local bourse dipped intraday. The local currency ended at P52.10 versus the greenback,...

Peso weakens on strong US housing data

The peso weakened slightly against the dollar on Wednesday, April 18, on the back of strong US housing data as well as the easing...