Home Tags Currency

Tag: currency

Peso rises to one-month high

THE PESO strengthened to a one-month high on Tuesday as the dollar weakened due to lower-than-expected US retail data and negative sentiment at Wall Street.

Peso climbs on offshore selling

Peso climbs on offshore selling

Peso may weaken on Fed minutes

THE PESO may weaken against the dollar this week as likely hawkish hints from the minutes of the latest US Federal Reserve policy meeting may boost the greenback.

Peso closes higher after mild US inflation report

THE peso strengthened on Friday after the US reported milder-than-expected inflation data and as hopes were raised for progress on the US-China trade dispute.

Peso ends flat amid concerns

THE PESO ended flat against the dollar on Thursday even as risk-off sentiment overnight pushed the local currency weaker in morning trade.

Peso climbs vs dollar

THE PESO strengthened on Wednesday as the dollar’s ascent against the euro paused and as the local trade data came in stronger than expected.

Peso down on risk-off sentiment

THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas.

Decline in Asia dollar bond sales to spill into 2019 on...

ASIA’S dollar bond sales are set to end 2018 with a whimper after a sizzling start. Next year’s prospects may prove dimmer, bankers and investors say.

Peso inches higher on inflation

THE PESO strengthened against the dollar on Monday as the slower-than-expected September inflation print continued to boost the attractiveness of the local currency.

Peso to weaken on hawkish Fed

THE PESO is seen to weaken further this week as likely mixed US data and hawkish Federal Reserve officials may boost the attractiveness of the greenback.

Peso rebounds on lower-than-expected inflation

THE peso recovered on Friday as market players reacted to a lower-than-expected inflation reading for September, which helped ease negative sentiment towards the local currency.

Peso weakens as dollar climbs vs major units

THE PESO weakened on Thursday as the dollar strengthened on the back of a jump in US Treasury yields.

Peso up on consolidation ahead of data

THE PESO went up against the dollar on Wednesday as it consolidated ahead of the inflation data release on Friday.

Peso weakens as investors price in inflation bets

THE PESO weakened further against the dollar on Tuesday as investors continued to price in a likely faster September inflation print.

Peso down as market eyes inflation data

THE PESO weakened against the dollar on Monday as market players anticipate the September inflation print, which is seen to pick up further.

Peso seen sideways after BSP hike

THE PESO will likely move sideways against the dollar this week following the aggressive policy tightening of the local central bank and amid trade developments in the United States.

Peso stronger after 50-bp BSP rate hike

THE peso strengthened further on Friday even amid a dollar recovery following monetary policy tightening by the Bangko Sentral ng Pilipinas (BSP) and Federal Reserve.

Peso recovers vs dollar ahead of BSP rate decision

THE PESO recovered on Thursday as investors reduced their dollar positions ahead of policy tightening by the local central bank.

Peso to weaken further next year on trade gap

THE PESO will likely weaken further against the dollar in 2019 as the country’s trade deficit is seen to widen brought by the Duterte administration’s infrastructure push, an economist from Bank of the Philippine Islands (BPI) said.

Peso drops ahead of BSP

THE PESO weakened by a tad to a fresh 12-year low on Wednesday as the market awaits the policy decisions of the local and US central banks.

Peso hits new lows ahead of rate action

THE PESO weakened to a fresh 12-year low ahead of possible rate hikes by the central bank and the Federal Reserve as well as elevated trade tensions between the United States and China.

Peso declines to new 12-year low

THE PESO weakened against the dollar to log a fresh 12-year low on Monday due to continued trade tensions overseas and ahead of expected tightening moves from the local and US central banks.

Peso rebounds ahead of BSP meet

THE PESO posted a slight recovery against the dollar on Friday amid some respite from geopolitical tensions and anticipation for a strong tightening move from the Bangko Sentral ng Pilipinas (BSP) next week.

Peso weakens on BSP, Fed rate hike bets

THE PESO weakened against the dollar on Thursday due to corporate demand ahead of expected monetary policy tightening by the local and US central banks.

Peso rebounds on stronger remittances in July

THE PESO recovered slightly against the dollar on Tuesday on the back of stronger-than-expected remittances data and amid corporate demand.

Peso weakens versus dollar

THE PESO weakened against the dollar on Monday as it slipped back to the P54 level due to the continued trade spat between the United States and China and amid stronger-than-expected remittance growth.

Peso to drop on trade clash

THE PESO will likely weaken against the dollar this week amid safe-haven buying due to continuing trade tensions between the United States and China.

Peso firmer after below-forecast US inflation

THE peso firmed below the P54-to-the-dollar level, after the US currency weakened after the release of lower-than-expected inflation data.

Peso rebounds ahead of BSP meet, US-China talks

THE PESO recovered against the dollar on Thursday as investors await a possible emergency meeting of the local central bank last night and amid the trade talk offer of the United States to China.

Peso sinks to P54:$1 on trade spat

THE PESO weakened to a new 12-year low against the dollar on Wednesday, breaching the P54 level due to corporate demand and amid continued trade tensions between the United States and China.

Peso nears P54:$1 level on trade tensions, data

THE PESO weakened against the dollar on Tuesday as it inched closer to the P54 level amid continued cautiousness over trade tensions abroad fuelled by a wider local trade deficit in July.

Peso seen in for more pain

THE PHILIPPINE PESO could be in for greater pain despite the country’s strong economic growth, with major money managers bearish on the currency.

Peso weakens to fresh trough on positive US data, trade tensions

THE PESO slumped to a fresh 12-year low against the dollar on Monday due to upbeat labor data in the United States and concerns on the escalating trade spat between Washington and Beijing.

Peso to move sideways amid ongoing trade tensions

THE PESO will likely move sideways against the dollar this week as investors look at the continuous trade tensions abroad amid strong labor data in the United States.

BSP warns currency speculators, re-actives CRRP

THE Bangko Sentral ng Pilipinas (BSP) on Friday warned currency speculators, saying it will “take all actions necessary to deal with speculative activity by market participants,” as the peso hit its lowest level against the US dollar in more than 12 years.

Peso recovers on hawkish BSP

THE PESO rebounded slightly versus the dollar on Friday, even as it almost hit the P54 level intraday, following the local central bank’s hint of another rate hike this month.

Peso strengthens slightly vs dollar

The peso strengthened slightly versus the dollar on Friday, Sept. 7, as it almost hit the P54 level intraday following the local central bank's...

Peso weakens to near 13-year low

THE PESO weakened against the dollar to a near 13-year low on Thursday amid risk-off sentiment due to continued concern over trade tensions overseas.

Peso declines on inflation data

THE PESO weakened against the dollar to a fresh 12-year low on Wednesday following the faster-than-expected August inflation print.

Peso weakens to fresh record low against dolllar

The peso weakened against the dollar to its fresh 12-year low on Wednesday, Sept. 5, following the faster-than-expected August inflation print. The local currency ended...

Peso drops vs dollar

THE PESO declined on Tuesday, with the dollar strengthening against major currencies, as investors remained cautious over trade tensions abroad.

Peso climbs slightly on Trump comments, inflation data bets

THE PESO went up a tad against the dollar on Monday amid safe-haven trading due to remarks from US President Donald J. Trump.

Peso seen range-bound ahead of inflation data

THE PESO is seen to move sideways against the dollar this week as investors price in geopolitical developments abroad and await the release of local inflation data.

Peso weakens amid further trade war worries

THE peso weakened against the dollar on Friday as risk appetite was subdued following remarks by US President Donald J. Trump on the trade war with China.

Peso up on US trade talks

THE PESO strengthened a tad against the dollar on Thursday as risk appetite improved on the back of trade negotiations between the United States and Canada.