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THE peso declined further against the dollar on Friday as market participants pushed the US currency higher despite disappointing retail sales data in the US.
JAKARTA — Indonesian cryptocurrency traders are complaining that the government’s new rules on futures trading, which require high minimum capital for traders, will hinder development of the young but growing market.
THE PESO recovered against the dollar on Tuesday following the resumption of trade talks between the United States and China as well as the country’s “slightly better” December trade data.
THE PESO strengthened to hit a two-week high on Thursday, as the dollar weakened after the US central bank sent dovish signals following its first policy meeting of the year, dampening sentiment on the greenback.
THE PESO is seen to strengthen against the dollar this year propelled by declining crude prices and decelerating domestic inflation, a foreign exchange research firm said.
THE PESO declined anew against the dollar on Tuesday, touching the P53-per-dollar level intraday, amid persistent safe-haven demand following the downward revision of the International Monetary Fund’s (IMF) global growth forecast.
THE peso declined further against the dollar on Friday due to continued concerns over the UK’s exit from the European Union as well as the partial US government shutdown.
THE PESO weakened on Wednesday after a plan for the United Kingdom's exit from the European Union was thumbed down, adding more uncertainty to the market.
THE PESO is seen to weaken further against the dollar this year as the surge of capital goods to support the infrastructure push of the government is expected to widen the trade deficit.
THE PESO strengthened further on Friday, paring losses in the last trading day of 2018 due to weaker economic data in the United States that kept the dollar on a losing streak.