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Peso may climb further on market optimism

THE PESO could strengthen this week amid optimism coming from the recently signed sin tax bill.

Peso rises on positive growth prospects

THE PESO strengthened on Friday on the back of continued optimism on the country’s growth prospects and as oil prices fell.

Peso drops on China virus fears

THE PESO WEAKENED on Thursday as investors opted to buy more dollars amid heightened fears of the potential economic impact of the spread of a coronavirus from Wuhan, China.

Peso rebounds on profit taking ahead of GDP data

THE PESO rebounded on Wednesday after five straight days of depreciation as the market went profit taking a day before the release of data on the country’s growth for the fourth quarter.

Peso drops ahead of GDP

THE PESO continued to weaken on Tuesday due to uncertainties from regulatory risks and as the market awaits data on the country’s economic growth in the fourth quarter.

Peso weakens on worries over Middle East tensions

THE peso weakened on Monday amid declines in the local stock market and as worries over oil prices arose amid tensions in the Middle East.

Peso to strengthen anew ahead of Q4 GDP report

THE PESO is seen to strengthen this week on the back of expectations of strong fourth-quarter economic growth.

Peso weakens slightly on lack of clarity from US-China trade deal

THE peso moved sideways on Friday on the back of a “disappointing” US-China phase one trade deal and as big data releases next week pushed investors to the sidelines.

Peso declines further vs dollar despite signing of US-China deal

THE PESO weakened on Thursday even after the signing of the phase one deal between the United States and China, suggesting that markets may not be fully convinced of the positive impact of the landmark agreement on tariffs between the two countries.

Peso weakens vs dollar

THE PESO weakened on Wednesday amid risk-off sentiment in the market due to the US signaling it will only consider further reductions in Chinese tariffs after the elections in November.

US Treasury drops China currency manipulator label ahead of deal

WASHINGTON — The US Treasury department on Monday dropped its designation of China as a currency manipulator days before top officials of the world’s two largest economies were due to sign a preliminary trade agreement to ease an 18-month-old tariff war.

Peso climbs on improved sentiment on US-China

THE PESO climbed on Tuesday amid positive market sentiment on the back of seemingly improving US-China ties ahead of the signing of the phase one trade deal.

Peso may lag peers as current account gap widens; yuan to...

THE PHILIPPINE PESO is set to lag peers as the nation’s current account deficit widens, according to Goldman Sachs Group, Inc.

Peso may strengthen on US-China phase one deal

THE PESO may strengthen against the dollar this week on the back of better risk appetite as the market waits for the ceremonial signing of the phase one trade deal between the United States and China.

Peso inches down on cautious trading ahead of US-China deal

THE PESO moved sideways on Friday as the market was on wait-and-see mode a week before the anticipated signing of the phase one deal between the world’s two biggest economies.

Peso strengthens vs dollar

THE PESO climbed against the greenback on Thursday with tensions between US and Iran seen to have somehow subsided.

Peso edges sideways

THE PESO moved sideways on Wednesday as it was supported by the influx of remittances amid risk-off sentiment arising from escalating geopolitical tensions in the Middle East.

Peso may weaken anew on rate cuts, CA deficit

WHILE THE PESO could strengthen against the greenback in the short term on the back of the phase one deal between the US and China, it may weaken later in 2020 up to 2021 due to further monetary easing and the widening of the current account deficit, according to analysts.

Peso strengthens on inflation, GIR data

THE PESO strengthened on faster-than-expected inflation in December and following an all-time high dollar reserve level as of end-2019.

Peso rebounds ahead of December inflation data

THE PESO bounced back on Monday after two days of decline against the greenback on profit taking ahead of the release of data showing likely faster inflation in December.

Peso to weaken further on geopolitical tensions

THE PESO may see continued weakness this week mainly due to geopolitical tensions caused by a US airstrike that killed Iran’s most prominent military official.

Peso weakens sharply on threat of widening US-Iran tensions

THE PESO weakened sharply past the P51-to-the-dollar level following a rush to safe-haven currencies due to the prospect of fresh Middle Eastern tensions after a US air strike killed a senior Iranian military officer while he was in Iraq.

Peso weakens versus the dollar on corporate demand, stock market

THE PESO weakened on the first trading day of the year on the back of the losses in the stock market and as some investors stock up on their dollar ahead of the uncertainties throughout the year.

Peso seen weakening this year

AFTER REBOUNDING against the greenback in 2019, the peso might weaken this year on the back of a possibly wider trade deficit and as investors wait on the sidelines for the clarity of some business-related rules in the country.

Peso ends 2019 higher

THE PESO strengthened versus the dollar on the last trading day of 2019 as remittance inflows continued to surge for the holidays and amid risk-on sentiment due to positive news on the US-China trade deal.

Peso ends flat on cautious trading ahead of year’s end

THE PESO ended sideways on Thursday as the market opted to stay on the sidelines as the year comes to an end.

Peso likely to rise on holiday spending

THE PESO will likely strengthen further on the back of remittances for holiday spending and as US President Donald J. Trump said they are close to signing the phase one of Washington’s trade deal with Beijing.

Peso weakens as market awaits US-China deal

THE PESO depreciated on Monday as the market waits for the developments in the trade negotiations between the United States and China.

Peso to climb on remittances

THE PESO is expected to rise this week on the back of the strong support from the surge of remittance flows this holiday season.

Peso weakens on potential Trump impeachment

THE peso weakened against the dollar on Friday as worries about the potential impeachment of US President Donald J. Trump haunted the market.

Peso inches down ahead of break

THE PESO closed almost flat on Thursday despite news of US President Donald J. Trump being impeached by the US House of Representatives as investors were cautious with the year coming to an end.

Peso weakens on better-than-expected US data

THE PESO depreciated against the dollar on Wednesday on better-than-expected data on housing and manufacturing from the United States reported late Tuesday.

Peso strengthens on US-China trade talks

THE PESO climbed against the dollar amid hints of positive developments in the US-China trade talks.

Peso inches up on US-China trade deal

THE PESO ended sideways on Monday as the market awaits clearer details from the “phase one” deal between the US and China and as investors close their books for the year.

Peso to rise further on OFW remittances

THE PESO is expected to further strengthen this week as more remittances come in, with the Christmas season coming closer.

Peso strengthens on progress in US-China talks

THE PESO appreciated further on Friday on the back of market optimism that a phase one deal with China was already approved by the United States.

Peso up on Fed, BSP decisions

THE PESO strengthened against the greenback on Thursday after both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) decided to maintain key policy rates.

Peso weakens on US-China issues

THE PESO weakened against the dollar on Wednesday due to mixed signals from the US and China on the new set of tariffs on Chinese goods set to take effect this month.

Peso climbs ahead of US data

THE PESO appreciated on Tuesday ahead of US inflation data and amid positive signals regarding the US-China trade war.

Peso ends flat vs dollar ahead of BSP policy meeting

THE PESO moved sideways on Monday following the latest round of cuts to banks’ reserve requirement ratios (RRR) and as markets await the Bangko Sentral ng Pilipinas’ (BSP) monetary policy decision.

Peso may strengthen on trade data, BSP decision

THE PESO may strengthen this week as the market awaits the release of local trade data as well as the possibility of a final round of easing at the central bank’s last policy meeting for this year, which happens this week.

Peso continues rally against dollar

THE peso continued to rally against the dollar on Friday on positive market sentiment about inflation.

Peso rebounds on inflation, US-China trade talks

THE PESO regained its strength versus the dollar on Thursday as markets picked up a sense of optimism that trade talks between the US and China are still in progress despite the situation in some of China’s territories and following data showing manageable inflation in November.

Peso down on trade deal issues

THE PESO weakened to the P51-per-dollar level anew on Wednesday following US President Donald J. Trump’s statement on Tuesday that he has “no deadline” for a phase one deal with China amid their ongoing trade war.

Peso climbs vs dollar on weak US data

THE PESO bounced back on Tuesday after sinking to the P51-per-dollar level on Monday, with the market pricing in unexpectedly weaker US manufacturing data for November.